Dedollarisation- its monopoly days may well be numbered.

[bannork]

The rise of China and alliances like BRICS are building alternative financial ecosystems. More countries are ditching the dollar in trade - think Brazil and China settling in yuan, or India buying oil from Russia using rupees.

Systems like China’s CIPS or India’s RuPay, and big experiments with digital currencies (like the mBridge project), are being designed to cut the dollar out of the loop entirely.

Many countries, tired of being at the mercy of Washington’s decisions, are looking to reclaim control to focus more on productive investment than speculative gains.

National reserves are being diversified, central banks, especially in China and Russia, are holding fewer dollars and more gold, euros, and yuan.

 Countries are signing currency swap deals - India with Malaysia, China with Saudi Arabia, Russia with Turkey.

Payment systems like Russia’s SPFS are being built to bypass SWIFT, the messaging backbone of dollar transactions..

From cryptocurrencies to gold-backed payment tools, there’s a growing demand for reserves of value outside the dollar.

It’s a systemic shift. A move away from speculative finance, and toward a more multipolar world where countries can control their destinies.

Will the world move away from the US dollar?