Since the beginning of the sanctions against Russia, many countries have begun to actively talk about abandoning the US dollar in interstate settlements and switching to national currencies. These include Brazil, UAE, Iraq, India, Wrote The newspaper “Izvestia”.
“The transition to national currencies is a very current and “trendy” topic – it is discussed at almost every bilateral meeting at any high level. In fact, the world is now starting to return to the “emerging complexity” of the pre-World War II era, when trade in national currencies was quite common.
But the problem is that many countries have forgotten to do business this way, and the times we live in show an entirely different scale of trade, and most importantly, the pace of trade, quoting Bloomberg columnist Tyler Cowan. He noted that due to the convenience of the dollar, it should maintain its hegemony. As the columnist wrote, the dollar is as much an export item as Chinese telephones or Japanese cars.
However, the article concludes that for many gamers, comfort may be in the background. Also, the increase in exchange rates has led to dollar shortages in many countries in Asia and Africa, so some will seek an alternative to the US currency for economic reasons.