Davide
Sat Sep 28 2024
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5 answers
1023
What countries are getting away from the US dollar?
It's an intriguing question indeed. We've seen several nations expressing their concerns about the dominance of the US dollar in global finance and trade. Countries like China, Russia, and Iran have been actively exploring alternative payment systems and currencies to reduce their dependence on the greenback. For instance, China's Belt and Road Initiative encourages the use of local currencies in transactions, while Russia and Iran have been using their own currencies in bilateral trade to bypass US sanctions. But the extent to which these efforts will impact the global financial system remains to be seen. It's a complex issue with many factors at play, including economic, political, and geopolitical considerations. What do you think about the future of the US dollar's global dominance?
