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06/08 10:44

US Dollar Faces Test as Economist Sees Yuan, Rupee

US Dollar Faces Test as Economist Sees Yuan, Rupee, Ruble Rising

Global de-dollarization is surging as a leading economist confirms nations are accelerating the shift to local currencies, reshaping global finance with a powerful multi-currency push.
Economist Sees Power Shift as Yuan, Rupee, Ruble Eat Into US Dollar’s Dominance
Global de-dollarization is accelerating as countries shift to a multi-currency system, using alternatives to the U.S. dollar for trade, reserves, and investments to boost autonomy and resilience amid changing geopolitical dynamics. American economist Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University, discussed this transformation in an interview with Russian state news agency TASS on May 30
The economist emphasized the parallel between global political and financial developments, stating:
We are moving to a multi-currency world, just .1749207982842.png
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