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Daring Lu : The reports indicate that 11 countries—mostly from the Commonwealth of Independent States (CIS)—have announced plans to stop using the U.S. dollar for international trade starting in 2025. These nations include Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan, and Ukraine.
The shift is driven by a desire to reduce dependence on Washington, minimize exposure to U.S. sanctions, and strengthen financial sovereignty. Many of these countries have been gradually distancing themselves from dollar-based trade for years, particularly Russia, which has been moving away from the dollar since 2014.
This move is expected to reshape global financial dynamics, as alternative payment systems and digital currencies gain traction.
Daring Lu : I am here in SQQQ.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Cui Nyonya Kueh OP Daring Lu : here also same ma
Cui Nyonya Kueh OP Daring Lu : if don't use us dollar then how? what currency to use? yen?
Daring Lu Cui Nyonya Kueh OP : Instead of the USD, these nations are shifting towards local currencies, digital currencies, and alternative payment platforms. Russia, for example, has been promoting the use of the Russian ruble in trade agreements, while Kazakhstan and Belarus have explored bilateral trade settlements in their own national currencies. Additionally, some of these countries are integrating blockchain-based financial systems and alternative SWIFT-like platforms to facilitate transactions without relying on the dollar.
This move is largely driven by a desire for economic independence, reduced exposure to U.S. sanctions, and greater control over financial policies. It’s a significant shift in global trade dynamics
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