Moscow - Saba:
The Russian news agency "Novosti" stated in an analysis that the number of countries fighting the US dollar exceeded the number of countries supporting it in 2024, and that more than half of the world's countries began to gradually abandon the dollar.
According to the agency, all countries can be conditionally divided into three groups. The first group includes 94 countries that have not officially spoken out against the dollar and have not taken any restrictive measures, while countries that use the dollar as their official currency include Panama, the Marshall Islands, El Salvador and some other small states.
The second group includes 46 countries actively working to adopt national currencies or restrict the dollar in order to ensure financial stability.
The last group includes 53 more countries openly opposing the dollar and calling on other countries to join in weakening its dominance.
The most common scenario for abandoning the dollar is an active transition to alternative means of payment. For example, Guinea-Bissau officially announced in 2024 its interest in settlements in national currencies with Russia, while Mongolia has almost completely switched to settlements in rubles and yuan. Burkina Faso, Nigeria, the Republic of the Congo, Sudan and many other countries are also moving to using national currencies in trade.
The countries of the world are also becoming more confident in the need for diversification of payments, among other things, due to the increasing pressure of sanctions on Russia.
Libyan Investment Minister Al-Qaidi Ali Al-Saidi Saad said last May that his country does not want to rely solely on the dollar, as he sees great risks in this.
The actions of the opponents of the dollar are not limited to payments only. Thus, the National Bank of Moldova decided to refuse to use the US currency as the basis for calculating the official exchange rate of the Moldovan leu, stressing that using the euro for these purposes will increase market liquidity and strengthen economic relations with the European Union.
If the official European authorities are not ready to speak officially against the US dollar, businessmen are sometimes not shy about expressing this. For example, Kim Stemms, a German-Finnish businessman and founder of the Megaupload and Mega file-sharing sites, also known as Kim Dotcom, called for abandoning the dollar in favor of gold and predicted the imminent end of the American empire.
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