US Treasury Secretary Janet Yellen has admitted that economic sanctions used against countries by the United States put the dollar’s dominance at risk. What she didn t say is that the dollar s dominance is not simply at risk, but is diminishing at a record pace.
As the United States has continued to weaponize the dollar, countries are seeking alternatives, from creating new common currencies to using local currencies. Nations are trying to find a safe and equitable way to trade instead of being at the whims of a hegemon which can decide overnight to confiscate a country’s money or cut it off from the international financial system.
On this Spotlight, we show how close King Dollar is to being dethroned.
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