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Why The World Is Dumping The American Dollar | Vantage with Palki Sharma
Why the World Is Dumping the American Dollar | Vantage with Palki Sharma China and Brazil have struck a deal to trade in their …
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respective currencies instead of the US dollar, marking another example of countries seeking to reduce their reliance on the American currency. This move is driven by several factors, including erosion of confidence in the US dollar as a stable reserve currency and concerns over the US’s current economic policies. Additionally, the US’s increasing use of sanctions and tariffs as a foreign policy tool has also led other countries to seek alternatives to the US dollar. As more countries shift away from the US dollar, it could have significant implications for the US economy and its global influence.
