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De-dollarization is the most spoken word in the global markets as emerging economies want to cut ties with the US dollar. The world is looking to strengthen local currencies and dim the lights on the USD as the White House is accused of weaponizing the currency. From sanctions to tariffs, developing countries are bearing the brunt of the US policies that only harm their native economies. Also Read: De-Dollarization: J.P.Morgan Predicts the US Dollar’s Future in 2025 The US dollar’s global reserve currency status is now under question as developing countries aim to topple the USD’s dominance. The paradigm shift against America grew after the White House imposed sanctions on Russia in 2022. The sanctions were also extended to Iran and Belarus, among other countries, and in return strengthened the de-dollarization agenda. Also Read: Alphabet (GOOGL) Stock Slides Following UK Lawsuit Rabobank: De-Dollarization Trend Is Here To Stay & Will Continue Source: iStock Rabobank’s...

De-dollarization is the most talked about subject in developing countries where they aim to uproot the US dollar from the world’s reserve currency status. Emerging economies want their local currencies to take first precedence by ending dependency on the US dollar. The prospects of the greenback are at stake as countries in the East are looking to tilt global financial power on their side. The upcoming decade could decide if the USD will remain the de facto reserve currency of the world. Also Read: 5 US Energy Sectors To Be Affected If De-Dollarization Advances De-dollarization: Analyst Forecasts the US Dollar’s Future Source: stock.adobe.com Leading economist and author Madan Sabnavis predicted that de-dollarization’s time has not come yet and the US dollar will remain the global supreme currency. He wrote that anchor currencies, BRICS currencies, and local currencies are not qualified to withstand the whiplashes of the markets. In addition, “finding common grou...