They have been talking about dedollarization for quite a long time and are trying, sort of, to implement it. But look at any country - no one has yet been able to bring this to life. Why? Yes, everything is very simple. At the moment there are no adequate alternatives to the dollar. Let this be a bad option, but they could not think of anything better.

I will immediately be objected on this forum that there is an alternative and this is bitcoin. Yes, I agree, this is a great alternative, which I also like, but I have doubts whether bitcoin will be used as a replacement for the dollar in the world. It is easier for countries to create and control something of their own, rather than a decentralized and free digital currency, most of which is already in foreign (whale) hands. Whoever has the most concentrated BTC will have more strength, weight and power. Countries and governments will not want to share this with who knows who.

I expect that all these attempts at dedollarization are expected to fail in the near future, and as we see in the example of the ruble and rupee, the countries are not able to implement this in any way.