How U.S. dollar's hegemony creates global chaos

STORY: How U.S. dollar's hegemony creates global chaos DATELINE: April 4, 2023 LENGTH: 00:02:18 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of U.S. related footage 2. SOUNDBITE 1 (English): PATRICK MINFORD, Professor of Applied Economics at Cardiff University 3. various of the U.S. dollar 4. SOUNDBITE 2 (Arabic): KARIM AL-OMDA, Professor with Arab Academy for Science, Technology and Maritime Transport 5. people waiting in front of a bank 6. people walking on the street 7. an exchange office 8. SOUNDBITE 3 (English): DAVID SUMUAL, Chief economist with PT Bank Central Asia Tbk. Indonesia 9. various of global economic trade related footage STORYLINE: Since the establishment of the Bretton Woods system in 1944, the U.S. dollar has been the global reserve currency. Since then, Washington has launched wars and leveled sanctions against any challenger to enforce the dollar's dominance. Experts have raised concerns that the hegemony of the U.S. dollar is the main source of instability and uncertaint

Diversification for transaction settlement gives countries more monetary autonomy: Indonesian economist

STORY: Diversification for transaction settlement gives countries more monetary autonomy: Indonesian economist DATELINE: April 3, 2023 LENGTH: 00:01:30 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of Indonesia related footage 2. SOUNDBITE (English): DAVID SUMUAL, Chief economist with PT Bank Central Asia Tbk. Indonesia 3. various of U.S. related footage 4. various of global economic trade related footage STORYLINE: An Indonesian economist has said the diversification for transaction settlement will give countries more monetary autonomy, in terms of financial and monetary decision-making. SOUNDBITE (English): DAVID SUMUAL, Chief economist with PT Bank Central Asia Tbk. Indonesia "In 1944, we know that the (U.S.) dollar is the anchor currency. But, (nearly) 80 years after the World War II ends, the current economic trend and investment relations have changed so much while the global monetary architecture remains practically the same. In other words, the current global monetary system does not re