The US dollar is attracting more enemies than ever, as the country and its growing economy continue to abandon the US dollar with new trends. This trend is driven primarily by President Donald Trump’s aggressive tariff policies, leading to the world abandoning the US dollar to some extent. This fact is now confirmed by Egyptian Prime Minister Mostafa Madbouly, who shares that local currency trade is currently gaining momentum worldwide.
More countries are dumping US dollars, wanting to carry out trade in local currency
Egyptian Prime Minister Mostafa Madbouly confirmed impressive speculation. The fact that countries around the world are at the forefront of expanding the use of local currency in bilateral trade is currently gaining enormous momentum within the country. Madbouly answered a question asked by television BRICS journalists, claiming that some BRICS countries have already begun to deploy local currency use measures to reduce their dependence on foreign countries.
“Response to questions from Sada El Bala. a TV BRICS partner, recent news media bystanders. Madburi said several BRICS countries have already begun implementing the mechanism in a bilateral format. He emphasized that this approach is particularly effective when the trade balance between countries is relatively even and promotes greater financial stability. As the platform states
Madbouly said that the use of local currency in bilateral trade could help maintain balance. He later shared how the above moves could make foreign exchange demand visible and mitigate. Furthermore, the Egyptian Prime Minister later shared that the story of local currency trade has been deployed for bilateral use for now. However, BRICS countries may continue to expand this narrative for multilateral use within the major BRICS Nations Circuit.
Abusing US sanctions has resulted in dollars being flat on the floor
The constant weaponization of the US dollar, coupled with the US ability to sanction, is dramatically plunging into the US dollar. With each Global Times, the United States has emerged as the highest nation where its economy has abused its power to sanction other nations and its economy has since suffered a major loss.
“The fixation to Washington’s sanctions has little to do with their effectiveness and the relatively global decline of America. The US is no longer a challenging superpower, so the US can’t throw that weight as it used to,” as former World Bank lead economist Istvan Dobozi said.
Why is the world far from the dollar?
The use of dollars as a tool for punishment in the US has become so widespread that risk outweighs the rewards of using dollars.
Absurd US policy is the cause of dedollarization. Our own politicians did this. pic.twitter.com/uhsqfv9yub
– Jason Smith – Shangguan jiewen (@shangguan jiewen) July 12, 2025
