Financial safety

Will Iran, China, Russia Push US Dollar to the Brink of Extinction?

The supremacy of the US dollar is in danger: more and more countries around the world are seeking to replace the American currency, independent researcher and writer Timothy Alexander Guzman notes, pointing to a series of Russo-Iranian agreements aimed at stopping mutual settlements in US dollars with foreign countries.
...Besides Iran and Russia, China is replacing the dollar as mediating currency in its trade with Russia and other countries, at the same time bolstering the positions of the yuan as an alternative reserve currency.

As more countries are pushing ahead with de-dollarization, the US dollar faces decline in its exchange value. And it will result in a weaker dollar.

The de-dollarization is an obvious backlash against the US' longstanding policy of oppression of its geopolitical rivals. In fact, Washington has shot itself in the foot by imposing restrictions on Russia and Iran's trade. No one likes a bully.