The United States is using its currency more to combat geopolitical conflicts, so world leaders are trying to carefully reduce their dependence on the U.S. dollar. wrote the Bloomberg agency, according to which a global reaction to the hegemony of the dollar is occurring. For example, Brazil and China recently signed an agreement to exchange their local currencies while seeking to avoid the dollar. Even the United States’ eternal ally, France, is starting to conduct transactions in China.üanech.
For many world leaders, the reasons for limiting the dollar are very similar, Bloomberg noted. They claim the dollar is being “weaponized” and used to advance U.S. interests. foreign policy priorities while punishing those who oppose them. The most striking example is Russia, where the United States, in response to the invasion of Ukraine, dealt an unprecedented financial blow to the regime of Vladimir Putin.
Source: lesechos.ml
