The world domination of the dollar is going down

The US Treasury Secretary acknowledged that sanctions based on the dollar will weaken its hegemony at the global level. The policy of de-dollarization in international trade has been the focus of various governments, including BRICS members, for some time.

According to AAA, the US Treasury secretary admitted on Saturday: "When we use financial sanctions related to the role of the dollar, there is a risk that this will weaken the global hegemony of the dollar over time."

Janet Yellen added that the sanctions provoked the desire of China, Russia and Iran to find an alternative to the dollar.
The German newspaper Wirtschaftswoche recently reported in an article about the declining strength of the US dollar in the world and the desire of various countries to switch to alternative currencies.