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US Struggles to Acknowledge Dollar’s Decline as De-Dollarization Gains Momentum
US Struggles to Acknowledge Dollar’s Decline as De-Dollarization Gains Momentum
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BTCCSquare news:
Russian Foreign Ministry Spokeswoman Maria Zakharova asserts that the US remains in denial about the dollar's waning global dominance. Emerging economies are actively pursuing de-dollarization strategies, with tariffs and trade wars proving ineffective in reversing the trend.
The shift away from dollar hegemony presents opportunities for alternative financial systems. Cryptocurrencies like BTC and ETH stand to benefit as nations seek decentralized alternatives to traditional reserve currencies.
Zakharova characterizes de-dollarization as an inevitable economic evolution. "The declining US dollar is a boon for emerging economies," she noted, emphasizing the natural progression of global financial rebalancing.
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