BRICS - De-Dollarization Will Continue Faster Under Donald Trump

BRICS - De-Dollarization Will Continue Faster Under Donald Trump

Jan. 5, 2025

We Love Africa

De-Dollarization: Over Half of Countries Worldwide Embark on Boycott of Greenback

More than half of the countries across the world have declared a boycott of the U.S. dollar, an analysis conducted by Sputnik showed. In 2024, 14 more nations embarked on de-dollarization, according to the analysis.

Who are Supporters and Opponents of the Dollar?

There are 94 states that did not introduce any restrictive measures against the use of the greenback, 46 countries that switched to making transactions in national currencies, and 53 countries that openly opposed the U.S. currency, the research shows.

As for the countries opposing the dollar, these mainly include former members of the socialist bloc, BRICS members, and their allies, plus the Italian-Russian Chamber of Commerce, which launched its own system of settlements in rubles.

Why Will the U.S. Add to End of the Greenback's Era?

This year may see further developments related to de-dollarization, independent industry expert Leonid Khazanov told Sputnik.

"The U.S. itself will contribute to promoting the rejection of the dollar due to the peculiarities of its policy. While declaring support for democracy wherever possible, Washington is in reality trying to impose its will on the world, trying to make all countries dependent on itself. This, as history shows, cannot continue forever," the expert pointed out."

https://sputnikglobe.com/20250105/de-dollarization-over-half-of-countries-worldwide-embark-on-boycott-of-greenback-1121360399.html

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Original: https://youtu.be/E-mOoDQapeY

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