De-Dollarization: A Gradual Shift from US Currency Control The US dollar’s role as the global reserve currency is being challenged due to its use as a financial tool against countries like Russia and Iran. This has motivated nations, including the BRICS, to seek alternatives to the dollar, such as new international currencies and diversifying trade currencies, particularly in oil. While the shift away from dollar dominance is underway, a complete transition could take decades. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Crude Oil Rally Loses Steam as Technicals Signal Pullback READ MORE Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says READ MORE Oil prices rise amid reports Iranian consulate hit by missile strike in Damascus READ MORE Gold prices hit another record high after fresh U.S. data spurs Fed cut expectations READ MORE Gold ETFs Wane Despite Highs: A Glimmer of Hope on the Horizon? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
