More Countries Shifting Away From U.S. Dollar for International Trade

An increasing trend away from U.S. dollar dominance continues. As the influence of the western economic system wanes, countries like Iran and Indonesia are leading the charge in conducting international trade using currencies other than the U.S. dollar. Find out how these nations are forging new alliances and embracing alternatives to strengthen their economies and reduce dependency on the greenback. Boosting Bilateral Trade with National Currencies During an official visit by Iranian President Ebrahim Raisi to Indonesia on 23 May, the two countries signed an agreement emphasizing the significance of conducting exchanges in their national currencies. This move aims to…