Alexei Mozhin, the Russian Federation executive director of the International Monetary Fund (IMF), said that Washington itself created such a situation when the world began to look for alternatives to the US dollar. Mozhin said this in an interview. DEA News.
According to him, other national currencies, especially the Chinese yuan, are increasingly used in the world. Brazil, Iran and Saudi Arabia are turning to yuan trade not only with China but also with third countries.
Mozhin noted that the US is already worried about its fate, considering that the rejection of the dollar in the world is progressing very quickly.
According to the expert, the main factor for the US dollar to be the reserve currency in the world economy was the lack of an alternative. Mozhin stressed that despite the size of the American economy and financial sector, and the presence of US military power, the main issue is the absolute lack of alternatives.
formerly known as Mojin declaration It’s about the West’s blatant use of international trade, finance, and the dollar and euro as a weapon. According to him, this leads to an irreversible disintegration of the world economy.