Top 5 Countries Opting to Ditch US Dollar & The Reasons Behind Their Move
- Top 5 Countries Opting to Ditch US Dollar & The Reasons Behind Their Move
by https://www.rt.com/
The past year was full of events that inevitably split the global geopolitical space into two camps: those who still support using US currency as a universal financial tool, and those who are turning their back on the greenback.
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Global tensions caused by economic sanctions and trade conflicts triggered by Washington have forced targeted countries to take a fresh look at alternative payment systems currently dominated by the US dollar.
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RT has taken a deeper look into the recent phenomena of de-dollarization, summing up which countries have taken steps towards eliminating their reliance on the greenback, and the reasons behind their decision.
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China
The ongoing trade conflict between the United States and China, as well as sanctions against Beijing’s biggest trading partners have forced China to take steps towards relieving the dollar dependence of the world’s second-largest economy.
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