23 Countries Now Abandoning US Dollar

[pooya87]

In the future, there may be exchange standards for multiple currencies, some relying on gold and silver, and some relying on Bitcoin. If another superpower emerges in the future, it is also possible to formulate a fairer world currency and a new economic system.

The new world order that is already established has split the world into regions where super powers dominate there and they can form alliances and relations between each other. There won't be any unipolar world any time soon. In these regions there will be certain currencies in use which could be converted between powers but again there won't be a singular currency to be used globally. It would take time for this new order to solidify though.

[DrBeer]

China and India, in anticipation of the introduction of an embargo on Russian oil, are beginning to quite actively change the sources of oil purchases.
I already said that I have an old friend who works in China in their "KitayNeft" Of course, the joke is about "KitayNeft", I won't say where specifically for obvious reasons. So, 2 weeks ago, he said that since the summer, China has been negotiating with representatives of the country from South America and some countries of West Africa on oil supplies. I'm guessing it's Brazil, Nigeria and Angola. I could be wrong, but we'll find out soon
Now the question is - tell me - do Brazil, Nigeria and Angola need candy wrappers like rubles, yuan or other very dubious in terms of liquidity and currency stability? I will assume that the real "group of world revolutionaries against the dollar" is a list of international rogue countries. But there, the rejection of the dollar is understandable - they simply cannot get it in the right amount, and use all sorts of pseudo currencies.

[Cryptomultiplier]

Many countries certainly think that dependence with USD is a complicated problem, this makes a lot of big losses so they try to leave USD, of course this is a good opportunity to use cryptocurrencies so that it becomes a positive thing for the market.  If it happens, of course there will be a very large transaction volume because the volume of state transactions can reach hundreds of billions of dollars.

No matter how many countries abandon USD it wouldn't devalue it. It would only make what other currency adopted to become more powerful. Also, expecting the use of cryptocurrency cannot be immediate because its awareness and means of usage is still gaining audience and seeing that crypto is more tech and decentralized, it would be hard to forgo the ease of just walking up to a vendor and transacting with fiat.
Am sure the countries have considered a stronger alternative and it would be wise to stick only the currency, abandoning USD influence in any exchange or trade within these countries.

[Lubang Bawah]

This article is 100% BS. Go anywhere in Africa, the Middle East, Turkey, or South America, the US$ is king.

Ask a man selling his used car, anywhere in the world, if he'd prefer to be paid in $, Russian ruble or Chinese yuan. Besides the Swiss, all the world would choose $.

There is no doubt that the US dollar is still used globally, not only because the United States is a powerful country, but also because of global use, global recognition, and global exchange rate. Just because we are used to it. Of course, the emergence of Bitcoin will change some things, but for now, the US dollar is still the mainstream currency.

The very strong USD position certainly makes everyone think of making USD as a transaction, the USA central bank always keeps the USD's strict circulation so that it makes high trust for USD holders, if they leave the USD it will use currency from other countries which certainly does not guarantee it can be more good than USD.

[DrBeer]

Many countries certainly think that dependence with USD is a complicated problem, this makes a lot of big losses so they try to leave USD, of course this is a good opportunity to use cryptocurrencies so that it becomes a positive thing for the market.  If it happens, of course there will be a very large transaction volume because the volume of state transactions can reach hundreds of billions of dollars.

No matter how many countries abandon USD it wouldn't devalue it. It would only make what other currency adopted to become more powerful. Also, expecting the use of cryptocurrency cannot be immediate because its awareness and means of usage is still gaining audience and seeing that crypto is more tech and decentralized, it would be hard to forgo the ease of just walking up to a vendor and transacting with fiat.
Am sure the countries have considered a stronger alternative and it would be wise to stick only the currency, abandoning USD influence in any exchange or trade within these countries.

Let me remind you that not a single state in the world will ever make its main currency, the "currency" over which it, the state, does not have complete, total control.
Bitcoin as a CURRENCY is not applicable for the economy. This has already been proven by countries that wanted to "save the economy" by making Bitcoin the legal currency of settlement or savings. A virtual asset that is not backed by anything other than wasted electricity cannot be a state currency and a measure of its economy!