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The decade-long de-dollarization drives have always been a key highlight of the global political demographics. With BRICS and ASEAN fueling the aforementioned narrative, the world has often noted de-dollarization outcries, with the US dollar struggling to hit a new high. The momentum has now changed. With Trump ascending to the US political throne, the US dollar is now stronger than ever, crushing competitor currencies unlike anything else, giving rise to a new phenomenon dubbed anti-de: dollarization. Also Read: Dogecoin: 3 Ways Elon Musk Could Influence Doge’s Price Post Jan 20 Anti De-dollarization: A New Wave Emerges Source: Watcher Guru So far, we’ve often noted global outcries compelling nations to ditch the US dollar. The US dollar has been touted as a great tool of “weaponization,” capable of disorienting regimes by slapping new sanctions on a myriad of nations. This development has toppled the US dollar to new lows, with nations contemplating alternate plans to seek refug...

The global markets are currently experiencing a tumultuous change. Rising geopolitical changes are giving birth to new economic changes. At the same time, the US dollar devaluation has peaked at its prime, with alternative currencies like the Chinese yuan gaining steady momentum in the space. Will the US dollar sustain such severe injuries to its prestige? Also Read: ASEAN: Steps To Ditch US Dollar Gains Momentum In South East Asia Chinese Yuan Surges To New Highs Source: Shutterstock According to the Financial Times, China’s use of the renminbi has recorded a new high in cross-border transactions. The renminbi is becoming an increasingly popular currency for cross-border transactions, with people opting for RMB to initiate global transactions. 90% of all trade between China and Russia is conducted in Ruble or Yuan after ditching the US Dollar. pic.twitter.com/kLuoGwMSL4 — BRICS News (@BRICSinfo) May 16, 2024 The usage of the Renminbi has found a new footing in Russia, as the re...