De-Dollarization: 10 CIS Nations Have Decided To Ditch The US Dollar
The phenomenon of de-dollarization is once again actively gaining momentum. The US dollar is declining rapidly, hammered heavily due to the recent US tariff ordeal that has ended up wounding the American currency. In the middle of this, calls to diversify away from the US dollar have also been heard, with nations and investors both looking forward to exploring capable USD alternatives. In the meantime, a group of ten Commonwealth of Independent States has decided to ditch the US dollar, moving away from the currency to uplift their economies and liberate them from the shackles of American hegemony. Also Read: Tanzania’s US Dollar Ban Set the Stage for Kenya & Other EAC Nations Why Is The World Moving Towards De-Dollarization? Source: Watcher Guru De-dollarization is not new. The phenomenon has long existed within the layers of the global economic structure and has now started to gain traction as US dollar hegemony continues to hurt nations. The US dollar is the world’s leading ass...