"Dedollarization: Myth or Reality?"

Marcel Salikhov, President of the Institute for Energy and Finance, published a column for the Valdai Club on the topic "Dedollarization: Myth or Reality?"

The de-dollarization of the global financial system will continue. This will be facilitated by the development of technologies in the financial sector. Central banks will seek to conduct direct clearing with each other, without directly using the currencies of developed countries. In the future, digital currencies of central banks can also be used for international transactions, reducing costs for economic agents. However, this process will be rather slow, Marcel Salikhov, President of the Institute for Energy and Finance, Director of the Center for Economic Expertise at the National Research University Higher School of Economics believes.