The De-dollarization is slowly transforming the architecture of international finance. The predominance of US dollar is diminishing. Shift of the world center of economic development from the West to emerging nation is creating a new equilibrium that is at the origin of de-dollarization. The phenomenon will be exacerbated by the current trade tension created by Washington. Dynamic of de-dollarization could lead to the creation of new alternative payment systems that will not be dominated by the US dollar. Countries at the forefront of the de-dollarization are China, India, Iran, Russia and Turkey. In Europe the SWIFT is gradually being called into question. Creation of a new payment system could strengthen the process of de-dollarization. More than 60% of the world’s foreign exchange reserves and 70% of global trade transactions are in US dollar. The multipolar world is creating a multipolar currency system.
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