
Dollar Era: End or Continuation? Dick Bove, one of the leading financial analysts, said that the era of dollar dominance was coming to an end. This view is not original. However, as a rule, politicians make such statements to impress the public. Now analysts who deal in figures, facts and do not depend on public opinion have started talking about the problems of the dollar. The decline in the impact of the dollar is obvious. Brazil, Russia, India, China, Bangladesh are clearly pursuing a policy of de-dollarization of mutual settlements. This is due to political processes, balance-sheet changes in the world economy and subjective factors. The dollar has another problem namely giant American public debt, which in principle cannot be repaid. Analysts have no consolidated opinion on the future configuration of the financial system. Some believe that the dollar will retain dominance, but not on such a large scale, some predict the leadership of the Chinese yuan, and some be...