Trump administration officials are discussing ways to encourage other countries to adopt the dollar as their primary currency to counter a China-led charge to erode the greenback’s global dominance.
Staff from government departments — including the Treasury and the White House — met Steve Hanke, a professor at Johns Hopkins University and a leading expert on dollarisation, over the summer to discuss how the administration could promote the policy.
“This is a policy they are taking very seriously, but it is in progress. No final decisions have been made yet,” Hanke told the Financial Times.
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