NYP: De-dollarization of the world economy will have dire consequences for the United States – Rossiyskaya Gazeta

Update Post: December 4, 2023 11:11 pm

Date: September 24, 2023 Time: 16:50:28

“The dollar’s role as the world’s key reserve currency is the foundation of the United States’ global leadership,” the publication notes.

It is emphasized that if the dollar ceases to be the main world currency as a result of the expansion of the BRICS and the further development of this association, Washington will lose its influence over other countries and will not be able to influence them in any way. .

Let us remember that Russian President Vladimir Putin stated that the process of de-dollarization of economic relations is underway in the BRICS.

According to him, the BRICS countries are developing effective monetary and financial settlement and control mechanisms, which is why the participation of the dollar in transactions between the members of the union is becoming less and less.

Thus, Putin noted, last year it was only 28.7%.

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September 24, 2023 10:50 am