Dedollarization is here, like it or not: expert


By Xia Lin
  • World
  • Tuesday, 30 May 2023

NEW YORK, May 29 (Xinhua) -- Dedollarization appears to be an unstoppable trend as countries around the world look to reduce their dependence on the U.S. currency, said Eli Clifton, a senior advisor at the Quincy Institute, in an article posted on the website of Signs of the Times (SOTT) last week.

"A major driver is Washington's weaponization of its currency via sanctions, covering 29 percent of the global economy and 40 percent of global oil reserves," said the article.

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