Recently, in the world economy, it is increasingly heard term "de-dollarization". It means the refusal of countries to use the US dollar as the main currency for settlements in international trade and financial transactions.. This is due to a number of factors, including the instability of the US economy, sanctions against other countries and the desire to strengthen their financial sovereignty.
In the context of de-dollarization, countries are looking for alternatives to the dollar, to minimize their dependence on the US. Consider several possible options.
1. Euro
The Euro is the second largest reserve currency in the world after the US dollar. The European Union is one of the largest economic blocs in the world, and the euro is its main currency. Most European Union countries use the euro for domestic payments, as well as for trade with other countries.
2. CNY
China is the largest economy in the world in terms of purchasing power per capita. The country is actively promoting its currency - the yuan - as an alternative to the US dollar.. China has already made a number of deals with other countries, using yuan for settlements instead of the dollar.
3. Russian Ruble
Russia is also actively promoting its currency, the ruble, as an alternative to the US dollar.. Russian companies have already begun to use rubles for settlements with foreign partners, as well as for the purchase of oil and gas.
4. Gold
Gold is a classic alternative to currencies. In recent years, many countries have begun to actively buy gold, to strengthen your reserves. Gold is a stable asset, which can serve as a hedge against inflation and financial crises.
In conclusion, one can say, that de-dollarization is a complex process, which requires time and effort on the part of countries. but, in the face of instability in the global economy and growing dependence on the United States, finding alternative currencies and assets may be a necessary step to maintain financial sovereignty.
