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[-] yogthos@lemmygrad.ml 30 points 2 years ago

And that's precisely what's under threat with the whole dedollarization business that's accelerating.

[-] zzzzzz@lemmy.ml 5 points 2 years ago

What dedollarization business?

[-] QueerCommie@lemmygrad.ml 17 points 2 years ago

The IMF has accepted the first debt payment in Yuan. There have been plenty of currency swaps between BRICS countries and others to help them trade without the US Dollar. The Dollar is losing its seat as the currency of international trade. Thus the US can no longer be the imperialist hegemon.

[-] Rasm635u@lemmygrad.ml 8 points 2 years ago* (last edited 2 years ago)

Dedollarization refers to countries reducing reliance on the U.S. dollar as a reserve currency, medium of exchange or as a unit of account

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this post was submitted on 02 Sep 2023
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