De-Dollarization Accelerates: 10 Nations Dump USD in Historic Pivot

The greenback’s monopoly is cracking—fast. From BRICS players to unexpected allies, a growing coalition is cutting ties with the dollar’s hegemony. Here’s who’s flipping the script.

Gold, yuan, even crypto: The工具箱 of de-dollarization gets weirder by the quarter. (Because nothing says ’financial sovereignty’ like trusting a metal we dig up or code that crashes on Elon’s tweets.)

Behind closed doors, treasury desks are scrambling. The dollar won’t vanish tomorrow—but the writing’s on the FOREX wall. When even Switzerland starts flirting with alternatives, you know the game’s changed.

Why Is the US Dollar Losing Luster?

The US dollar is currently trading at lower price spots, pitted globally due to the aggressive global policies initiated by Donald Trump. The dollar’s lackluster performance has been criticized by major league financial giants, including Goldman Sachs and Deutsche Bank.

In a recently issued bank note, Deutsche Bank stated that the USD may lose its position as the leading reserve currency due to its wobbly market performance.

In another bearish note, Goldman Sachs predicted how the US dollar may have to encounter additional decay, leading the currency to note further downfall ahead. If this phenomenon of the USD downtrend continues to gain momentum, the phenomenon of de-dollarization may very well become prevalent globally, impacting the American currency in bearish and negative ways.

11 Countries Ditching the USD

While these developments are pretty recent, the dollar’s declining status was already ushering in de-dollarization years ago. The constant weaponization of the US dollar was also criticized by ASEAN nations, leading them to ditch the US dollar for most of their international transactions.

In a recent summit, the Commonwealth of Independent States (CIS), a group of 11 nations, has decided to use local currency by reducing their dependence on the dollar. These nations are listed below:

• Armenia
• Turkmenistan
• Uzbekistan
• Azerbaijan
• Belarus
• Moldova,
• Russia
• Tajikistan
• Kazakhstan
• Kyrgyzstan