Mark Carney Discusses Decline of US Dollar Dominance at 2026 Davos Forum

At the 2026 World Economic Forum in Davos, Mark Carney addressed the diminishing dominance of the US dollar in the face of increasing influence from BRICS nations. According to NS3.AI, BRICS countries, with India at the forefront, are progressing in the technical integration of their central bank digital currencies and developing alternatives to Western payment systems. Carney highlighted the emergence of a fragmented global order and encouraged middle powers to seek a 'third path' of coordinated sovereignty instead of relying on dominant powers.