Top currency economist points to accelerated pace of de-dollarization ...News

Russia Today - Economy
Top currency economist points to accelerated pace of de-dollarization
source : Russia Today ( News ) () 38
The greenback’s decline has quickened tenfold since the outbreak of the Ukraine conflict, Stephen Jen says The global shift away from the US dollar has increased tenfold since February 2022 compared to the previous 15 years, Stephen Jen, the CEO of Eurizon SLJ Capital Limited, told Die Welt on Thursday.  According to the former International Monetary Fund and Morgan Stanley economist, the majority of analysts are missing the trend because they evaluate the nominal value of central banks’ dollar holdings on the basis of data released by the IMF.  “However, if we take into account changes in the value of the dollar,

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