The US dollar is not on the verge of collapsing. However, it is in a gradual decline. Not long ago the US dollar losing its undisputed dominance in global trade was unthinkable. Today that’s no longer the case. In the past 25 years, the US dollar’s market share has decreased from more than 70 percent to less than 60 percent. In 2001, the share of global reserves held in US dollars was 73 percent. This year it is 58 percent. Russia’s February 2022 invasion of Ukraine and the West’s response to Moscow’s aggression marked a major turning point in the movement against the US dollar. As a result of Washington imposing sweeping sanctions on Moscow, freezing Russia’s US doll
Hence then, the article about gulf states and the de dollarisation trend was published today ( ) and is available onThe New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Gulf states and the de-dollarisation trend )