American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: 'Central Bank Digital Currencies Will Become the Basis of Payments'

Jeffrey Sachs, an American economist and best-selling author, has stated that the end of the dollar’s hegemony is near and that central bank digital currencies (CBDCs) will become the basis of cross-border settlements. For Sachs, the abuse of the U.S. dollar as a geopolitical weapon is one of the factors that will contribute to its […]