The World Is Ditching the US Dollar—And That Might Be a Good Thing

The world is now inching towards a non-dollar era, a space where dependence on the US dollar is reducing rapidly. The current world dynamics are favoring a multipolar currency concept that honors and deploys the usage of all major currencies for global trade and interaction. While de-dollarization has been dubbed by many as a paralyzing development for the world to encounter and deal with, here are three underrated elements that convey how the post-dollar or “ditching the US dollar” era might turn out positive in the long run.

Also Read: Historic US Dollar Fall: How Much Worse Could It Get in 2025?

Also Read: Historic US Dollar Fall: How Much Worse Could It Get in 2025?## Three Ways De-Dollarization Is Good for the World

1. Lesser US Monetary Control and Interference

Source: Watcher GuruSource: Watcher GuruThe US dollar as a reserve currency asset enjoys certain privileges that come with the title. The US dollar has helped sustain economies, which makes them highly susceptible to the US interest rate cut decisions. Lower interest rate cuts have ushered in a volatile economic stance for the dollar, which in turn has continued to impact these economies dependent on the dollar for sustenance.

Once the US dollar’s reserve status is revoked through the adoption of the multipolar currency order, this would restrict the extent of the US’s monetary control and interference in the region, which may help these economies explore solid alternatives that help ground their economic structure..

2. Diversification of Global Risk

Source: Watcher GuruSource: Watcher GuruOnce the US dollar adopts a secondary position in the world of global finance, the multipolar currency order in effect will also help in diversifying the global risks across major new assets and currencies. This list includes competitors such as Bitcoin, the yuan, euro, and gold. The aforementioned development will help economies stabilize, helping them reclaim their sovereignty by ditching the US dollar officially.

3. Breaking Free Of US Weaponization And Abuse Of Powers

Image Source: Watcher GuruImage Source: Watcher GuruThe US dollar has enjoyed its reserve currency status for decades. However, the currency’s downfall began the moment it started to weaponize and abuse its power of sanctioning other nations. Once de-dollarization curb these elements, the world can finally adapt sovereign authority and leadership to make its own decisions. This also suggests how the US’s power of sanctioning loses global impact, letting the old element of diplomacy take the lead again.

Also Read: Russia Says Joe Biden is Responsible For the US Dollar’s Decline

Also Read: Russia Says Joe Biden is Responsible For the US Dollar’s Decline