4min chapter

The Munk Debates Podcast cover image

Munk Dialogue with Gideon Rachman: The Age of the Strongman

The Munk Debates Podcast

CHAPTER

Is the US Dollar the World's Reserve Currency?

The fear is that America overuses its economic weapon and therefore too many people gain an interest in finding an alternative to the dollar. The difficulty is that even though China has a massive economy, its currency is not internationally tradable. They still have currency controls. But I don't think America can be complacent. And if it's constantly kind of used as a weapon, then maybe you begin to undermine the dollar.

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