💨 Abstract

De-dollarization is a growing trend where countries like Russia, India, China, and Brazil seek to reduce the U.S. dollar's dominance in international trade due to U.S. trade wars and inflation. The U.S. dollar, the world's primary reserve currency since World War II, faces challenges but remains resilient. Efforts like the BRICS alliance aim to create alternative currencies or direct trade in local currencies.

Courtesy: WTOP Staff