Many countries around the world are pursuing efforts to “de-dollarize” and some have argued for a new financial architecture that bypasses or replaces the US & dollar-led system. China is particularly interested in enhancing the use of their own currency for international trade and finance. While the dollar remains strongly entrenched as the world’s reserve currency, it is clear the international role of the dollar faces several challenges over the next decade. 

Are sanctions actually playing a role in the de-dollarization effort? What’s happening inside the BRICS? How might financial technology impact the role of the dollar? To help inform this debate our research team is launching the new Dollar Dominance Monitor which will leverage data visualization to analyze BRICS-members’ efforts to de-dollarize, assess the impact on the dollar’s international role, and evaluate the rise of competitor currencies. 

Join us on December 12, at 9:30 am virtually as we launch this new research and host three conversations on key flash points in the dollar debate 1) Russia’s reserves 2) The motivations to de-dollarize and 3) The rise of CBDCs.

This special event will mark three years since the launch of the GeoEconomics Center at the Atlantic Council.

Opening remarks

Fred Kempe
President and CEO
Atlantic Council

Interview 1

Can Russia’s blocked reserves be seized without harming the Dollar and the Euro?

Nicolas Véron
Senior Fellow, Bruegel
Senior Fellow, Peterson Institute for International Economics

Martin Sandbu
European Economics Commentator
Financial Times

Moderator

Charles Lichfield
Deputy Director, GeoEconomics Center
Atlantic Council

Interview 2

What are the drivers of anti-dollar policies?

Daniel McDowell
Senior Fellow, GeoEconomics Center, Atlantic Council
Associate Professor, Syracuse University

Moderator

Kimberly Donovan
Director, Economic Statecraft Initiative, GeoEconomics Center
Atlantic Council

Interview 3

Will Central Bank Digital Currencies (CBDCs) provide a pathway to de-dollarize?

Carole House
Senior Fellow, GeoEconomics Center, Atlantic Council
Former Director of Cybersecurity, White House National Security Council

Caroline Hill
Senior Director, Global Policy, Circle
Former Senior US Treasury Official

Moderator

Josh Lipsky
Senior Director, GeoEconomics Center
Atlantic Council

Presenters

Mrugank Bhusari
Assistant Director, GeoEconomics Center
Atlantic Council

Maia Nikoladze
Assistant Director, Economic Statecraft Initiative, GeoEconomics Center
Atlantic Council

At the intersection of economics, finance, and foreign policy, the GeoEconomics Center is a translation hub with the goal of helping shape a better global economic future.

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