'Dollar suffered stunning collapse in market share' media warns, as Global South de-dollarizes
Geopolitical Economy Report
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The Dollar's De-Dollarization
The dollar lost about 11% of its market share since 2016 and double that amount since 2008. China and India are pushing to internationalize their currencies for trade settlement after the US and Europe cut banks, Russian banks from the global financial messaging system known as SWIFT. The dollar may become a permanent political tool or be used as a form of economic state craft to put extra pressure on countries to enforce sanctions they disagree with.
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