The Dollarisation Debate: US Treasury Opposes Shared Seigniorage Proposal


WASHINGTON DC--The US debate on the dollarisation of other countries has set bankers against the US Treasury, as legislation aimed at making the adoption of the dollar easier finds its passage blocked.

Backers of the legislation believe it will encourage greater fiscal discipline in countries adopting the dollar as their own, as well as opening new trade opportunities for US companies.

It would also allow unofficially dollarised countries, such as Argentina, to financially benefit from

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: