The International Monetary and Financial System (IMFS) has been rigged in favour of the dollar, followed by a few Global North currencies, for decades. It entrenches inequalities between the Global North and Global South, driving debt crises and ecological harm. But resistance to this system isn’t new.
Thanks to Trump and his tariffs, it feels like there’s more discussion questioning the dollar and its dominance than ever before. But, for many countries in the Global South, the move away from the dollar long predates Trump’s first term, let alone his second. [2]
Last December, we brought out a report about how countries across the world are innovating and adapting in the face of an IMFS that is rigged against them - and it's only continued to get more relevant. [3] That’s why we want to share our work with you, just like we’ve been doing with our dollar dominance blog series, so you can make sense of it all, cut through the noise of the headlines, and reflect on the bigger story.
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