Post
Topic
Board Economics
Merits 2 from 1 user
Re: Dedollarisation fails before starting, Russia and India halt rupee trade
by
Smartprofit
on 10/05/2023, 18:04:57 UTC
⭐ Merited by DrBeer (2)
I think it is impossible to completely abandon the dollar, similarly, it is impossible to replace the international English language-everyone uses it, on every jar of sweet water translated by this language. Of course, they can reduce the impact, but they can only really be seen in the distant future.

Countries that actively export goods, works and services are not interested in the growth of the price of their national currency against the US dollar. 

There is an anecdote about the elusive cowboy Joe.  He was an elusive cowboy because no one needed him and no one even tried to catch him.))) 

The situation is similar with the Chinese yuan, the Indian rupee and other similar national currencies - they do not even try to challenge the dominance of the US dollar. 

Therefore, it does not make any sense to use these currencies in cross-border trade, because countries have the intention of trading not with one country, but with many different countries.  To do this, they need a strong and widely accepted global currency, like the US dollar.