Russia Wants To Reverse De-Dollarization: What It Means For The US Dollar?
The US dollar has always been surrounded by serious foes and enemies, the ones that want to derail its reserve currency status. To expedite the de-dollarization concept, Russia and China have always been quite vocal about their ideas, adding how they both want to derail the US dollar hegemony by putting forth the idea of the multi-polar currency world. This roughly sparked the promotion of local currencies on an international scale, jeopardizing the dollar’s supremacy. With the US and EU sanctioning Russia and expelling it out of the SWIFT system, Russia opted for yuan, all while promoting the narrative of de-dollarization at a rapid pace. But now it seems that things have started to take an interesting turn, with Russia showing a softening stance against the US. What is this all about? Let’s find out. Also Read: De-Dollarization Efforts ‘Won’t Stop’ as Global Giants Defy Trump’s 100% Tariff Threat Tables Turning Around: Trump Supporting Russia Source: Politico With Donald T...