De-Dollarization: How Long Can the US Dollar Stay on Top?
The US dollar's decades-long dominance in global finance is under scrutiny as de-dollarization gains momentum. Sanctions on Russia in 2022 accelerated efforts by developing nations to reduce reliance on the greenback. Cross-border transactions in local currencies, gold-backed reserve diversification, and alternative payment systems are reshaping the monetary landscape.
While the dollar's hegemony remains intact for now, these structural shifts could erode its supremacy over time. The financial world watches closely as nations experiment with bypassing the USD—a MOVE that may redefine global economic power dynamics.