ECB President: The Dominance of the Dollar is Becoming Uncertain

According to a report by Jinse Finance, on May 26, European Central Bank President Christine Lagarde delivered a speech at a forum in Berlin. Lagarde stated that the current international monetary system, which is based on the US dollar, is becoming uncertain, and Europe needs to undertake reforms in various areas to mitigate its impact from changes in the international order. Lagarde further explained that current global multilateral cooperation is being replaced by zero-sum games and bilateral power struggles, with openness giving way to protectionism, and even the cornerstone of the system—the dominance of the US dollar—has become uncertain.