Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Committee on Budgetary Oversight

Pre-Stability Programme Update Scrutiny (Resumed): Central Bank of Ireland

Dr. Mark Cassidy:

It would. The dollar has been the dominant global currency and so much internationally has been denominated in dollars. Whether things will go so far as to change that I do not know. That is what is uncertain. There will be some change to it but whether or not it will alter the dollar's dominance in international markets I do not know. We are a while away from that of course.