Professors Milenko Dželetović and Bojan Dimitrijević, members of the Board for Economic Science of the Department of Social Sciences of the Serbian Academy of Sciences and Arts, held a lecture “De-dollarization of the world economy and changes in the world financial system” at the Institute of International Politics and Economics. Researchers and volunteers from the Institute attended the lecture, as well as the alumni of the recently completed Winter School of International Relations.
The central topic of the lecture was the positioning of the dollar as the global reserve currency after the outbreak of the armed conflict in Ukraine. Questioning the maintenance of the current financial-monetary system in changed geopolitical and geoeconomic environments, the lecturers stressed the significance of potential “new poles of power”, such as the BRICS and Latin America region. The need to reform the global financial institutions according to the so-called neo-Keynesian model, in order to help developing countries and to encourage a higher level of equality in international economic relations, was pointed out.
After the lecture, the possible implications of the reduced role of the dollar as a reserve currency were discussed.
