Explainer: What Does it Mean to De-Dollarize? ...Egypt

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Explainer: What Does it Mean to De-Dollarize?
Photo by Alet Pretorius For most of history, poverty has been almost universally understood as a lack of money. In the last three decades, however, it has not just been lack of any money, but the lack of valuable money compared to the U.S. dollar. Yet, with the most recent BRICS Summit, and the rise of emerging economies, the economic geography of the world, and the relationship between global North and South, is now being redefined. The fight against global poverty has been solely defined by the “dollar-a-day” poverty line, which was first conceptualized in 1990. Economists have recently pointed out the flaws behind the veil of dollars, and how often it can misrepresent reality. For instanc

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