Alternative currencies could play a greater role in geoeconomically fragmented world says IMF

A latest research paper from International Monetary Fund (IMF) stated that after decades of increasing global economic integration, the world is facing a growing risk of geoeconomic fragmentation, with potentially far-reaching implications for the global economy and the international monetary system. Against this background, the paper studies how geopolitical proximity, along with other economic factors, affects the usage of five SDR currencies in cross-border transactions. Since World War II, the global currency landscape has remained relatively stable, with the US dollar serving as the dominant currency.