De dollarization: 50+ Countries Ditch US Dollar
Why De-dollarization? What are the reasons behind the De-dollarisation? Since World War II, the US dollar has long been the world's reserve currency, but its dominance is now threatened. In recent years, there has been an accelerating trend towards de-dollarization.
Countries seek to reduce their overreliance on the US dollar and enhance their economic sovereignty by diversifying their currency reserves and conducting transactions in alternative currencies. Discontent over the dollar’s supremacy is more widespread, covering the BRICS block, ASEAN, the Middle East, Africa, and Latin America.
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Narrated and produced by Mohit
#dedollarization #dollar #unitedstates
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