De-Dollarization: A Gradual Shift from US Currency Control The US dollar’s role as the global reserve currency is being challenged due to its use as a financial tool against countries like Russia and Iran. This has motivated nations, including the BRICS, to seek alternatives to the dollar, such as new international currencies and diversifying trade currencies, particularly in oil. While the shift away from dollar dominance is underway, a complete transition could take decades. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Japan used $59bn to prop up the yen but consumers may still cut back READ MORE Danish heirs to sell US$72 million rare coin collection after 100 years READ MORE Gold prices dip after record highs on profit taking, rate cut bets cool READ MORE Private payrolls increased by 192,000 in April, more than expected for resilient labor market READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment