The dollar has become toxic.

Washington has completely undermined confidence in the dollar as a global reserve currency by introducing illegal sanctions against our country’s financial institutions.

They will not give the desired effect for the United States.

In March 2022, the share of “unfriendly” currencies reached 84.7%.
Today it has decreased almost 5 times – to 17.8%.

Settlements in rubles, on the contrary, increased 3.5 times , and in friendly currencies – almost 15 times.

As an example: more than 90% of payments in the Eurasian Economic Union (EAEU) are carried out in national currencies. In trade between Russia and China, 95% of all transactions take place in rubles and yuan.

Restrictions on payments and the theft of gold and foreign exchange reserves should make other states think about the reliability of storing their funds in American currency.

Now all countries have begun to understand that the United States uses its currency as an instrument of political pressure.

Not wanting to become hostages of American politics, it is not only Russia that is abandoning the toxic dollar. Many sovereign states, in particular the BRICS countries, are looking for an alternative.

As a world reserve currency, the dollar has discredited itself. De-dollarization of the world is inevitable.

WtR