The Economist
The Economist
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Could the world move away from the dollar?

Posted

January 22, 2026

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The dollar has been the world’s primary reserve currency for the best part of a century. But as the alliances and institutions that underpin America’s dominance wither, could the currency lose its privileged position? Rachana Shanbhogue, The Economist’s business-affairs editor, and Henry Curr, economics editor, are joined in Davos by economists Gita Gopinath and Kenneth Rogoff. Together they assess the dollar’s vulnerabilities and ask what could take its place.

Watch the full show

This time really is different for the dollar, writes Kenneth Rogoff

Gita Gopinath on the crash that could torch $35trn of wealth

China is ditching the dollar, fast

Has Trump damaged the dollar?

America should not push other countries to adopt the dollar

How worrying is the weakening dollar?

Does Trump really want a weaker dollar?

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Guests & Subjects Covered

Rachana Shanbhogue The EconomistsHenry CurrGita GopinathKenneth Rogoff TogetherKenneth Rogoff Gita GopinathHas TrumpDoes Trump

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Could the world move away from the dollar? · The Economist · Sentinel