The Global Discomfort About the US Dollar Status

Crispus Nyaga: There is a global discomfort about the role of the US Dollar as the world's reserve currency. Concerns are both happening among America-friendly countries and folks like Russia and China, he says. Worries of the US dollar dominance explain why central banks brought bought a record amount of gold in 2022,. Most of these purchases happened in countries that are critical of the US like Turkey, China, India, and those in the Middle East.