Russia: Dollar Doesn't Make Life Easier, Dedollarization Becomes Global Reality

  A spokesman for the Russian Foreign Ministry said the dollar was an instrument of United States hegemony and imperialism. According to him, dedollarization has turned into a global reality. Maria Zakharova, Sunday (3/9/2023) as quoted by Russia Today, said that dedollarization is not just a goal that Russia is trying to achieve, but has turned into a global reality. "More and more countries are switching to national currencies in their trade transactions instead of using the American dollar, because the dollar has become a 'very problematic' means of payment," he added. Initially, said Maria Zakharova, the US proposed the dollar as an international currency to make everyone's life easier, better and more comfortable. "They were adamant about this, and said that the dollar would take the world economy to a new level, and simplify international transactions and public relations.

At that time perhaps those who made this kind of policy in the US, wanted to take the first step towards globalization," he explained. "In reality now, the dollar is being used to suppress political opponents, the United States," stressed the spokesperson for the Russian Foreign Ministry. He added, "The dollar does not simplify or make our lives easier. This currency is used as a new tool of hegemony and colonialism, used to punish, divide and make our lives a nightmare." Zakharova explained that the dedollarization process carried out by Russia and several other countries was not a goal, but a simple fact. The dollar is a very problematic currency, and this is an objective economic fact. "Most of the global economic problems originate from the US, including the world economic crisis in 2008. On the other hand, national currencies are more stable, therefore more and more countries are choosing to use national currencies rather than the American dollar," he concluded. (HS)