Tariffs Accelerate De-Dollarization Economist Warns

Governments Push for Local Currencies Amid De-Dollarization Trends

• Hippolyte Fofack, former chief economist at the African Export-Import Bank, highlights de-dollarization efforts.
• Many governments are increasingly promoting the use of local currencies.
• The aim is to achieve economic benefits similar to those of having an international currency.

Hippolyte Fofack notes a growing trend among governments to promote local currencies, seeking the economic advantages typically associated with international currencies.