Are we approaching the end of US dollar hegemony?
Just look these headlines for a moment: China, Brazil Strike Deal to Ditch Dollar for Trade Russia is Ready to Switch to Yuan in Foreign Trade France Completes First Yuan-Settled LNG Trade with China French President Says Europe Must Reduce Reliance on US Dollar Saudi Arabia Considers Accepting Yuan for Chinese Oil Sales The US dollar's position as the primary global reserve currency is being challenged. This is because several countries have started to ditch dependency on the dollar and strengthen bilateral relations. A trend that is known as de-dollarization.
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