Tech Revolution: Russia’s Economic Strategy to De-dollarize Shocks the Entire Global Economy

Tech Revolution Jan 2, 2023 Russia, and other large economies worldwide are looking for alternatives to the US dollar due to its recent strength and weaponization. De-dollarization is being tried by several smaller countries, including at least a dozen in Asia. Companies worldwide are also selling a substantial amount of corporate debt in local currencies. There are no predictions that the dollar will be replaced as the world’s preeminent currency any time soon. And several predictions of the “peak dollar” turned out to be well off base. But not too long ago, it was almost completely inconceivable for countries to…