De-dollarization is growing: Even the US Federal Reserve (reluctantly) admits it
Geopolitical Economy Report
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Intro
The chapter explores the growing movement of de-dollarization globally, as countries such as China, Brazil, Russia, and Iran steer away from using the US dollar in trade and transactions. Efforts across regions like Africa, Southeast Asia, and the Middle East reflect a larger trend towards reducing reliance on the US dollar.
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