European Central Bank President: The dominance of the dollar is becoming uncertain

On May 26 local time, European Central Bank President Christine Lagarde delivered a speech at a forum in Berlin. Lagarde said that the current dollar-based international monetary system is becoming uncertain, and Europe needs to reform in many ways to reduce its impact on changes in the international order. Lagarde further explained that the current global multilateral cooperation is being replaced by zero-sum games and bilateral power games, openness is giving way to protectionism, and even the dominance of the dollar, the cornerstone of the system, is becoming uncertain.