Why is the world de-dollarizing so quickly?
Simple — the Russian sanctions.
Russia is the biggest single commodity producer in the world — they have oil AND gas AND agro AND minerals AND anything else.
But because of the sanctions, Russia CANNOT take dollars (or euros) for sales of their commodities.
First, the sanctions disconnected Russia from SWIFT, meaning Russians can’t pay for things they would want to buy with dollars.
So why would Russia take dollars for their commodities — if they can’t buy stuff with those dollars.
Plus their dollar assets get confiscated in the West. So why hold dollars, and dollar assets to park them in, if they will be stolen?
So because of sanctions, Russia has been FORCED to de-dollarize.
Russia didn’t want to de-dollarize — they were obliged.
By the West.
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