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Responsible state: 29% of the world economy is under US sanctions KXan 36 Daily News

Date: March 1, 2024 Time: 07:51:32

“The main driver of this trend is the use of the dollar as a weapon by Washington, which imposes sanctions, currently covering 29% of the world economy and 40% of world oil reserves,” the publication says.

The publication points out that in the near future it is unlikely that the dollar will cease to be used in international payments, however, there is a trend towards the search for affordable alternatives.

Thus, the participation of the dollar in the structure of the national reserve funds decreased from 73% in 2001 to 58% in 2023.

“The reality is that the use of the dollar as a blunt weapon in the hands of politicians has led America’s allies and enemies to believe that alternative resolution mechanisms are needed,” said Amir Khanjani, an expert at the Quincy Institute for Responsible Government. the post.

He also mentioned the increase in the proportion of transactions in Chinese yuan and the discussion by the BRICS countries to introduce their own currency.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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