In this episode, Aslesh and Prajol discuss is the dominance of the U.S. dollar and the emerging trend of de-dollarization. Prajwal traces the dollar’s rise to the 1944 Bretton Woods Agreement and its enduring role in global trade, finance, and reserves. They discuss why countries are now seeking alternatives, mainly to reduce vulnerability to U.S. sanctions—and note signs of gradual change such as rising gold reserves, China’s push for yuan-based trade, and BRICS efforts to build parallel systems.
Prajol is an economist at South Asia Watch on Trade, Economics and Environment (SAWTEE), Nepal with over seven years of research and advisory experience in areas of trade policy, public debt management, alternative finance, and private sector development. His contributions include national-level studies and publications with the Ministry of Finance, Ministry of Industry, Commerce and Supplies, various UN agencies.
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