The reason countries wish to be independent from the US$

[Abiky]

Politicians are the reason driving the de-dollarization. Why, just so they can use their grey funds elsewhere and no one is the wiser.
Countries could not care less who controls the money flow. Most non Dollar friendly countries love the greenback. If politician were honest they'd save in their currency, but they don't. Panama paper are an interesting read.

here is the list: https://en.wikipedia.org/wiki/List_of_people_named_in_the_Panama_Papers

Look at N. Korea. why do they go after bitcoin, eth?

Well, the whole idea is to avoid sanctions. That's why several countries are considering moving away from the USD. Now they'll have even more reason to abandon it due to Trump's tariffs. But I recall Donald Trump himself saying there will be "100% tariffs" to countries avoiding the USD. So de-dollarization would be a loosing game. At least, in the time-being.

Long-term speaking, countries should be able to "de-dollarize" with success. Empires can't last forever, anyways. Once the USD loses ground, another currency will take its place. At the time of this writing, the EUR is the second-largest currency in the world. There's a high chance it will become the world's reserve currency in the future. I'd start investing in both BTC and Gold to help protect myself against the USD's downfall. It's going to get real messy. Especially when the global economy is linked to it.

[WillyAp]

Well, the whole idea is to avoid sanctions. That's why several countries are considering moving away from the USD. Now they'll have even more reason to abandon it due to Trump's tariffs. But I recall Donald Trump himself saying there will be "100% tariffs" to countries avoiding the USD. So de-dollarization would be a loosing game. At least, in the time-being.

The only countries who prefer a different currency than the US$ are countries which have zero chances to get WMF, IMF WorldBank funding.
They loose very little but try to convince others.

[tygeade]

Politicians are the reason driving the de-dollarization. Why, just so they can use their grey funds elsewhere and no one is the wiser.
Countries could not care less who controls the money flow. Most non Dollar friendly countries love the greenback. If politician were honest they'd save in their currency, but they don't. Panama paper are an interesting read.

here is the list: https://en.wikipedia.org/wiki/List_of_people_named_in_the_Panama_Papers

Look at N. Korea. why do they go after bitcoin, eth?

Well, the whole idea is to avoid sanctions. That's why several countries are considering moving away from the USD. Now they'll have even more reason to abandon it due to Trump's tariffs. But I recall Donald Trump himself saying there will be "100% tariffs" to countries avoiding the USD. So de-dollarization would be a loosing game. At least, in the time-being.

Long-term speaking, countries should be able to "de-dollarize" with success. Empires can't last forever, anyways. Once the USD loses ground, another currency will take its place. At the time of this writing, the EUR is the second-largest currency in the world. There's a high chance it will become the world's reserve currency in the future. I'd start investing in both BTC and Gold to help protect myself against the USD's downfall. It's going to get real messy. Especially when the global economy is linked to it.

The idea before Trump was, USA moving their manufacturing from China to other countries to stop giving China so much power. Now, everyone will prefer China even more, because of tariffs. Trump just made USA the "enemy" of other nations, and while maybe it is true that tariffs were a bit one sided, that was mainly because USA was buying everything other nations had, so it was only natural that they would pay more than others.

Because if everything got collected in USA, and they paid a fair price, they would gain incredible power over other nations, they would just gain and gain and gain, so in order to level the playing field, poor nations got less, and rich nations got more. UK also pays more than Chad, do they make a news about it? No of course not. Lets see how bad this will get on the long run.

[Agbe]

Politicians are the reason driving the de-dollarization. Why, just so they can use their grey funds elsewhere and no one is the wiser.
Countries could not care less who controls the money flow. Most non Dollar friendly countries love the greenback. If politician were honest they'd save in their currency, but they don't. Panama paper are an interesting read.

here is the list: https://en.wikipedia.org/wiki/List_of_people_named_in_the_Panama_Papers

Look at N. Korea. why do they go after bitcoin, eth?

Well, the whole idea is to avoid sanctions. That's why several countries are considering moving away from the USD. Now they'll have even more reason to abandon it due to Trump's tariffs. But I recall Donald Trump himself saying there will be "100% tariffs" to countries avoiding the USD. So de-dollarization would be a loosing game. At least, in the time-being.

Long-term speaking, countries should be able to "de-dollarize" with success. Empires can't last forever, anyways. Once the USD loses ground, another currency will take its place. At the time of this writing, the EUR is the second-largest currency in the world. There's a high chance it will become the world's reserve currency in the future. I'd start investing in both BTC and Gold to help protect myself against the USD's downfall. It's going to get real messy. Especially when the global economy is linked to it.

The idea before Trump was, USA moving their manufacturing from China to other countries to stop giving China so much power. Now, everyone will prefer China even more, because of tariffs. Trump just made USA the "enemy" of other nations, and while maybe it is true that tariffs were a bit one sided, that was mainly because USA was buying everything other nations had, so it was only natural that they would pay more than others.

Because if everything got collected in USA, and they paid a fair price, they would gain incredible power over other nations, they would just gain and gain and gain, so in order to level the playing field, poor nations got less, and rich nations got more. UK also pays more than Chad, do they make a news about it? No of course not. Lets see how bad this will get on the long run.

Trump got it wrong because if he was aimed at get American manufacturing companies out of China he would have done that silently and no body will even hear about it but trump had something entirely different on his mind he wanted to make a point the rest of the world that America was still in charge, it's natural that China and other countries that trump imposed his sanctions on will fight back what trump didn't know is that the world is changing and american grip of the world is not as strong as before again

[Fortify]

Most people don't know the reasoning behind BRICS and the refusal to use the $
It's pretty simple, the US $ is not stronger but the local currencies are getting weaker.

The world is watching the interest rate decisions of the central banks with anticipation, especially the American Federal Reserve (Fed). Despite the interest rate cut in December, the Fed has adopted a cautious tone in its forward strategy. Fed Chairman Jerome Powell is waiting to see how the new Trump administration behaves in terms of trade and financial policy, speculated Marcello Estevão, chief economist of the Institute of International Finance (IIF). He and his team examined the latest measures of the most important central banks in the industrialized and emerging countries and analyzed the effects of a strengthening US dollar.

It's not the interest rating of the US$ which makes the US Currency so popular. It's the falling currencies of the nations not living under Euro or Dollar domains.

Last year, central banks faced the challenge of balancing growth and inflation as the global economy was marked by uneven recoveries and geopolitical uncertainty. However, the Fed, the European Central Bank (ECB) and the Bank of Japan (BoJ) moved in different directions or at different paces. For Estevão, this is a sign that a fragmented global economy makes it difficult to "synchronize monetary policy strategies."

My vision of those directors being challenged is more like a meeting of fat cats. Just sipping their preferred liquor. What's yours?

Now 2 things emerging countries fear is  1.st) the $ climbing even higher as debts from the world bank, IMF or even governmental bonds are issued in ..... yeah the $.

Emerging markets have $8.3 trillion in debt
The strong dollar is causing problems for emerging markets. It shows the structural weaknesses associated with foreign debt and financial flows, writes Estevão in Global Macro Views: "The strengthening US dollar continues to put pressure on emerging markets, increasing the burden of US dollar-denominated debt and affecting capital flows, further complicating the monetary policy environment."

Now imagine the dollar drops to 50% vs the Euro. Nothing would change for a country without a meaningful reserve.
Their currency needs to rise in value  to make a difference. Only country trying to do that is South Korea. Turkey wasn't too successful. 

The 2nd fear is: Your president going against capital flight, your country's currency is failing.
Nowadays people with money go into Bitcoin for a reason. We are all grateful for that.

Emerging markets will need to devise innovative policy strategies in 2025 to prevent capital flight, inflation shocks and fiscal constraints that a persistently strong dollar would bring.

Before Trump's lunacy and trying to offend everyone on the planet, the US dollar has long been the safe haven currency for good reason. It has a very innovative culture, strong business protection (maybe too strong), the most advanced military in the world able to project power and fairly benign politics. That has all gone out the window now and American's are likely to regret all this pointless rattling, as it is rapidly diminishing their influence in the world - yet the sort of people that vote for Trump are very short sighted and unwilling to see sense even when it is glaring in front of them. It is surprising how easily fooled some people are, thinking he is looking out for them, when he is simply trying to grow his own legacy that will doom the whole country. The USA has lost so much trust from allies and even neutral countries, it'll be hard to regain.

[pooya87]

~

Russian assets were not only frozen but given to Ucrania.
Your info is pretty stuck in the past.

Unless you have some special info, last I checked about $300 billion worth of Russian assets (a lot of which belongs to over 2000 individuals, so basically it is theft) is indeed frozen and still untouched to this day. The money they paid Ukraine was the interest generated by some of the money they had frozen over the past 3 years not the money itself.

But I recall Donald Trump himself saying there will be "100% tariffs" to countries avoiding the USD. So de-dollarization would be a loosing game. At least, in the time-being.

Yeah, but the recent tariffs changed everything.
Basically many countries were dedollarizing rapidly then he threated them with tariffs and sanctions. So they slowed it down, some might have even stopped. But then he went ahead and taiff'ed sanctioned them anyways so now these countries no longer have the incentive to not-dedollarize

I think there is a good chance we see a significant increase in the speed of dedollarisation from now on...

[WillyAp]

Unless you have some special info, last I checked about $300 billion worth of Russian assets (a lot of which belongs to over 2000 individuals, so basically it is theft) is indeed frozen and still untouched to this day. The money they paid Ukraine was the interest generated by some of the money they had frozen over the past 3 years not the money itself.

Canada has given (pledged) = Trudeau pledges $5B in seized Russian assets for Ukraine on war anniversary – Feb 24, 2025
https://globalnews.ca/news/11032085/russia-ukraine-war-anniversary-canada-aid/

[Abiky]

Yeah, but the recent tariffs changed everything.
Basically many countries were dedollarizing rapidly then he threated them with tariffs and sanctions. So they slowed it down, some might have even stopped. But then he went ahead and taiff'ed sanctioned them anyways so now these countries no longer have the incentive to not-dedollarize

I think there is a good chance we see a significant increase in the speed of dedollarisation from now on...

Yeah, well. The world is quickly becoming multi-polar. So one way or another, "de-dollarization" will be realized. Especially now with the hatred against Donald Trump's actions. Things like trying to make both Greenland and Canada US states, claiming back the Panama Canal, and even threatening more tariffs will ultimately result in a huge backlash from world countries. Even China decided to retaliate against the US. The scenario is perfect for the USD to quickly lose traction. With rising uncertainty, I wonder what will happen next?

[adam.sandler]

But I recall Donald Trump himself saying there will be "100% tariffs" to countries avoiding the USD. So de-dollarization would be a loosing game. At least, in the time-being.

Yeah, but the recent tariffs changed everything.
Basically many countries were dedollarizing rapidly then he threated them with tariffs and sanctions. So they slowed it down, some might have even stopped. But then he went ahead and taiff'ed sanctioned them anyways so now these countries no longer have the incentive to not-dedollarize

I think there is a good chance we see a significant increase in the speed of dedollarisation from now on...

The de-dollarization approach seems appropriate at first glance yet countries that pursue this path demonstrate that their authorities maintain substantial American investments while simultaneously conducting healthcare treatment along with living in the United States.
My opinion suggests that corrupt politicians take advantage of this concept to hide financial transparency while easily dedicating funds to government ideology propaganda as well as terrorism financing.
Political actors deploy this concept to construct masks through which they continue engaging in corrupt activities. Digital currencies have been improperly used in this manner throughout numerous years of theirexistence.

https://apnews.com/article/israel-iran-hezbollah-cryptocurrency-ff5bfd5ddce532c30c2e3c939901c199
https://www.chainalysis.com/blog/israel-nbctf-hezbollah-iran-quds-crypto-seizure/
https://www.aljazeera.com/economy/2022/9/20/why-is-iran-turning-to-the-new-digital-rial
https://www.brookings.edu/articles/venezuelas-petro-undermines-other-cryptocurrencies-and-international-sanctions/
https://www.nytimes.com/2020/03/20/technology/venezuela-petro-cryptocurrency.html

[bittraffic]

America want to make dependent to every country of the World but every country want freedom

Proof do you have some? Only that they are dominant does not automatically make the subdue other countries.
America depends om japan, over Treasury Bonds, America depends on China for consumer Goods, and on Arabian countries for Oil, not much but still.

Most countries depend on US for security this is why they have military bases everywhere. Its because neighboring countries could just claim borders and often times this will end up in conflict and war  between the two. US always intervene in such situation. 

However when they intervene they also brought alone some conditions and their help isn't as free as people thought. 

[WillyAp]

Most countries depend on US for security this is why they have military bases everywhere. Its because neighboring countries could just claim borders and often times this will end up in conflict and war  between the two. US always intervene in such situation. 

However when they intervene they also brought alone some conditions and their help isn't as free as people thought. 

Not so different from any other country, most bases were put into place after ww2.
Way before the IMF, WorldBank and other institutions, created by the US pushed $ into development. After their liking.
As any other country would do. Russia is also busy placing bases around the World

https://en.wikipedia.org/wiki/List_of_American_military_installations
https://en.wikipedia.org/wiki/List_of_Russian_military_bases_abroad

[pooya87]

Unless you have some special info, last I checked about $300 billion worth of Russian assets (a lot of which belongs to over 2000 individuals, so basically it is theft) is indeed frozen and still untouched to this day. The money they paid Ukraine was the interest generated by some of the money they had frozen over the past 3 years not the money itself.

Canada has given (pledged) = Trudeau pledges $5B in seized Russian assets for Ukraine on war anniversary – Feb 24, 2025
https://globalnews.ca/news/11032085/russia-ukraine-war-anniversary-canada-aid/

As I said the money is not from "seized assets" it is from the interest generated by those seized assets.
In this case it will be a loan of 5 billion Canadian dollars (~US$3.52 billion) promised to Ukraine from the interest generated from those assets.

Canada’s promise is to fund Ukraine with a $5 billion loan which can be repaid by the interest earned on frozen Russian assets.

Maybe it is worth mentioning Trudeau was booted out of office last month...

Yeah, well. The world is quickly becoming multi-polar. So one way or another, "de-dollarization" will be realized. Especially now with the hatred against Donald Trump's actions. Things like trying to make both Greenland and Canada US states, claiming back the Panama Canal, and even threatening more tariffs will ultimately result in a huge backlash from world countries. Even China decided to retaliate against the US. The scenario is perfect for the USD to quickly lose traction. With rising uncertainty, I wonder what will happen next?

What's interesting is that so far Trump has failed on all of these things and more.
He failed to stop the Ukraine war in 24 hours as he was promising before election!
He failed to stop the genocide in Gaza and stop the Israeli terrorists from murdering people!
He failed to change the fact of Gulf of Mexico being Gulf of Mexico!
He failed to annex Canada!
He failed to annex Greenland!
He failed to defeat China with his tariff war!
He failed to stop Yemenis from enforcing the international law namely the genocide convention!
... and so many more
He simply failed to "Make America Great", the inflation is higher than before and the government budget deficit despite Musk firing all those people is a lot higher. I just saw Biden criticize the situation and how Trump has screwed everything up. When even sleepy Joe is complaining, you know things are terrible

[Die_empty]

What's interesting is that so far Trump has failed on all of these things and more.
He failed to stop the Ukraine war in 24 hours as he was promising before election!
He failed to stop the genocide in Gaza and stop the Israeli terrorists from murdering people!
He failed to change the fact of Gulf of Mexico being Gulf of Mexico!
He failed to annex Canada!
He failed to annex Greenland!
He failed to defeat China with his tariff war!
He failed to stop Yemenis from enforcing the international law namely the genocide convention!
... and so many more
He simply failed to "Make America Great", the inflation is higher than before and the government budget deficit despite Musk firing all those people is a lot higher. I just saw Biden criticize the situation and how Trump has screwed everything up. When even sleepy Joe is complaining, you know things are terrible

This is a true situation of the US. Trump has failed to achieve most of the promises he made to the people of the US. He had failed to carryout the highest deportation in the history of America. He has only successfully sent some an innocent US citizen to the most dangerous prison in the world. He has simply made America worse, and I guess his rating have dropped drastically. A poll said Trump's approval rating fell to 59%.

https://www.usatoday.com/story/money/2025/04/13/trump-approval-falls-economy-poll/83071309007/

[WillyAp]

This is a true situation of the US. Trump has failed to achieve most of the promises he made to the people of the US.

Worse, his administration has overlooked the dependency from China's rare earth's refining capacity.
That became clear as the prime objective of the China's road and belt initiative.
 

[Muba20]

In order to maintain the dominance of big countries, such efforts will continue on small countries especially economically weak countries, those who dependent on debt, will never be able to dominate the US dollar. Rather, the value of their country's currency will decrease further under the pressure of their debt obligations. Moreover, there are people in the country who will convert their assets into US dollars or any other currency to maintain the value of their currency, which is why small countries can never ignore these and stand upright. And where America is expanding its influence over other countries, they will never allow the value of their dollar to decrease. Moreover, the weak countries will always behave dependently on them in the projects they have made. BRICS is trying to overcome such a situation. But it will not be easy to move away from their dominance.

[WillyAp]

In order to maintain the dominance of big countries, such efforts will continue on small countries especially economically weak countries, those who dependent on debt, will never be able to dominate the US dollar. Rather, the value of their country's currency will decrease further under the pressure of their debt obligations.

Proven wrong by Bukele.
San Salvador on its way to free itself.