[51], In March 2020, the first Iran-EU INSTEX transaction was concluded. one more ignorannt fromw est who cant understand that the shifintg of wealth was already eneterd in the mid of operation and now the shift of geopolitical ballance is inteh makeingall started in 2008 with GFCand it contiune with us bailing put teh corporations and the printing of money like ios no tomorow.How do you want to keep the dominance in the workd when the money u printed have no backing of some comodities..BUT the most idiotic thing that bring us in this moment is the over use of sanctions to the US oponents and to the countrys that do not bent to US willwhy we should suport ignorants like you to live a life in a stile of grandor that is payed by the rest of the worlswhy should my country pay for US debt???? Get a grip you are an idiot. Well, theyre right! A Bloomberg report quoted Malaysias prime minister Anwar Ibrahim as saying, There is no reason for Malaysia to continue depending on the dollar.. its interesting how many idiots have posted their texts here. Bitcoin, just another TULIP PHENOMENON thats going to last no longer than the flower it now represents, The T U L I P!!! H.E. See: Two Weeks that Shook the Dollar (posted multiple times and in at least a dozen LinkedIn groups). Rising government spending in the 1960s, however, led to doubts about the ability of the United States to maintain this convertibility, gold stocks dwindled as banks and international investors began to convert dollars to gold, and as a result, the value of the dollar began to decline. This is what the critics of CBDC really fears the most. Prepare for a multipolar currency world https://t.co/gCoN2YjEEY, FT World News (@ftworldnews) March 30, 2023. In this past one year, theres a growing trend of countries sidestepping the US dollar and choosing to use their own local currencies for bilateral trade. This long-term decline is the result of mine closures, maturing assets, and industrial conflict, according to the World Gold Council. De-dollarization its a theme in other parts of the world: Despite these movements, few expect to see the end of the dollars global sovereign status anytime soon. The core collective consists of Brazil, Russia, India, China . Half the world to dump U.S. dollars in future, causing 'tsunami of What Is De-Dollarisation? Countries' Plan To Dump Dollar Explained - NDTV 162 70 comments Add a Comment This means that the Eurozone itself is abandoning the dollar, and preparing for transition to a new central banking system. Boy, if thats done John McCormick, this comment is beyond reproach!!! After World War II, the US dollar replaced the British pound as the dominating currency worldwide. China Is Trying To Erode US Dollar Dominance With A Worse - Forbes The South American country announced that it would pay for Chinese imports in yuan rather than dollars, in a measure to save the countrys dwindling dollar reserves. But as the world has seen recently, even the Saudi kingdom is hedging towards a new global system, and has publicly stated that their ties to the U.S. are open for re-negotiation. I just wish people had common sense and could figure this s**t out! In light of the recent developments Iran is the most pressured nation to drop the dollar with Tehran having partially adjusted trade without the US currency, Alexandre Kateb, president of Competence Finance SAS, told RT. Thats according to South Africas BRICS ambassador, Anil Sooklal, who tells Bloomberg that a long list of nations are now looking to join in. You know not all the people of America agree with Americas government officials and what they do, so you want to kill us all, the land and animals? 23 countries and they named how many .hmm. Could The U.S. Dollar Collapse? - Forbes Other countries that have agreed to trade with India in rupee is Russia, Singapore, Sri Lanka, Botswana, Fiji, Germany, Guyana, Israel, Kenya, Malaysia, Mauritius, Myanmar, New Zealand, Oman, Seychelles, Tanzania, Uganda and the United Kingdom. )", "How a 1944 Agreement Created a New International Monetary System", "Sanctions Programs and Country Information | U.S. Department of the Treasury", "Controlling Inflation: A Historical Perspective", "Measuring Worth Purchasing Power of Money in the United States from 1774 to 2010", The Stealth Erosion of Dollar Dominance:Active Diversifiers and the Rise of Nontraditional Reserve Currencies, "China Prepares Death Blow To The Dollar", "Beijing-Riyadh cooperation advances de-dollarization process", "WSJ News Exclusive | Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales", "China's Xi calls for oil trade in yuan at Gulf summit in Riyadh", "China's attempt to challenge the USD's dominance as Xi Jinping calls for oil trade in yuan", "China defends Ukraine war stance, aims to deepen ties with Russia", "Four European Gas Buyers Made Ruble Payments to Russia", "Four European gas buyers made rouble payments to Russia -Bloomberg News", "Ghana plans to buy oil with gold instead of U.S. dollars", "Ghana plans to buy oil with gold instead of dollars", "Putin and Erdogan agree to boost cooperation, some rouble payments for gas", "Gazprom says it has signed deal for China to pay for Russian gas in national currencies", "Value of Russia-China energy trade up 64%, deputy PM says", "Explained: Putin's demand for trade in rubles, and how it could work", "Saudi Arabia Open to Talks on Trade in Currencies Besides Dollar", "Saudi Arabia just said they are now 'open' to the idea of trading in currencies besides the US dollar does this spell doom for the greenback? Image used for representational purposes/Freepik. And with the US Federal Reserve constantly raising interest rates, the dollar has become so strong that it is hurting the currencies of other countries, making imports more expensive. Changes in the relative values of different government securities can also have an impact, although this effect would tend to be smaller since major currency bond yields usually move together. The core collective consists of Brazil, Russia, India, China and South Africa and a surge of nations interested in joining the alliance would bring the total number of nations to 24.
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