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More than 40% of the world’s countries support de-dollarization



Almost half of the world’s countries have already declared a boycott of the dollar to a greater or lesser extent. Since the beginning of this year, according to Sputnik’s analysis, six more countries have set foot on the path of de-dollarization.

All the countries can be roughly divided into three groups:

The first and largest (112 countries) are those whose financial authorities have not openly spoken out against the dollar and have not introduced any restrictive measures. These include countries where the dollar is even used as the official currency, such as Panama, the Marshall Islands, Ecuador, El Salvador, and some other small states.

The second group (31 countries) are those that are actively switching to national currencies with their trading partners or restricting the circulation of the dollar domestically out of concern for financial stability.

Finally, the remaining group (another 50 countries) are those who openly oppose the dollar and call on the rest of the world to join them in weakening its hegemony.

It’s noteworthy that Zimbabwe’s voice is the loudest among those who have declared war on the dollar this year.

In addition, Burkina Faso, Nigeria, the Republic of the Congo and Sudan are also betting on greater use of local currencies in trade.

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