Why are African countries, others pushing for ‘de-dollarisation’

News Snapshot:

New Delhi: In an exclusive interview to ThePrint, the South African High Commissioner to India spoke out against the “domination” of the US Dollar (USD) in the world economy. He was not the first to question the USD being used as the world’s reserve currency for global trade. According to media reports earlier this month, the President of Kenya, William Ruto, has called for African leaders to move away from using the USD for intra-Africa trade, and to support the pan-African payments and settlement system, launched in 2022. The reason for the movement gaining recent steam is the economic sanctions...