Kenya’s President Ruto tried to de-dollarise African economies and crashed out, now green buck is bracing for end to its dominance
Ballooning US fiscal deficits – projected at $1.9 trillion in 2025 – together with a widening current-account gap, estimated at 6 per cent of GDP, are adding pressure to the dollar. On top of this is the overuse of the “printing press,” meaning the creation of large amounts of new money to finance spending.
