Davos 2026: Mark Carney Warns of Waning Dollar Power as BRICS Push CBDC Integration
At the World Economic Forum 2026, Mark Carney pointed to the declining influence of the US dollar as BRICS nations—led by India—advance the technical rollout of central bank digital currencies and build alternatives to Western payment networks. He described the rise of a fragmented global system and urged middle powers to follow a “third-way” strategy of shared sovereignty rather than depending on major global powers.
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