Major American Bank Forecasts Dollar’s Looming Demise Amid Power Shift to Asia

Major American Bank Forecasts Dollar’s Looming Demise Amid Power Shift to Asia

Several major world economies, including Russia and China, have recently been discussing ways to abandon the dollar in bilateral transactions. Notably, Russian President Vladimir Putin has accused the US of using the status of its currency as a tool of pressure against other states and said that it undermines global trust in the dollar.

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