Since the outbreak of the global epidemic, the economic development of the whole world has been in a bad state. Many countries have encountered many problems in the process of development, especially the US dollar has experienced the fifth hike of , which has greatly affected the economies of many countries. The exchange rate of for the currency exchange rate of in many countries has been reduced. Currency depreciation means that in the process of trade, the economies of those countries that rely on imports will be greatly affected.
is affected by the changes in the US dollar, and many countries are also de-dollarization. Typically, during the epidemic, in order to reduce the economic risks of their own country, the United States has caused serious global inflation by printing large amounts of money. After all, the US dollar has a very high status in the international community. Once the US dollar changes, it will cause great turmoil in the economy of other countries. Therefore, countries that are not affected have a trend of de-dollarization. The global "dollarization" trend is coming, but the US dollar is getting stronger and stronger? What's going on?
At the beginning of this year, there was something that had a great impact on everyone. Although it did not directly affect the lives of the people, having family members invisibly increased the economic burden of the people. This is the conflict between Russia and Ukraine, which led to a significant increase in the prices of many commodities around the world. During this dispute, Russia was targeted by many countries, resulting in many domestic products being unable to be sold to the international market, which also makes many international commodities in the shortage of supply, so some people will appear to be rising.
Many countries dare not place their hopes of development on the United States, so many countries are also selling the US dollar. At the same time, in trade exchanges, they have expressed their unwillingness to use the US dollar for settlement. It can be seen from Russia's experience that many countries are unwilling to follow the Russian path. Judging from the current situation, most countries that have de-dollarized have these performances. The first manifestation of
is the large-scale sale of US bonds . Now more and more countries will sell their US bonds. Very typical of these three countries, namely Japan, China and the United Kingdom. Many large investors holding US bonds have sold their US bonds. After all, the United States has a very high status in the international community, and there are many countries with US debt.
It is understood that the amount of US debt sold reached 750 billion, but it will not have much impact on the US economy. This is only a small part of the currency issued by the US. The United States has gradually developed by borrowing foreign debt. If all countries sell the US debt they own, it will cause a huge blow to the US economy and can even make the US fall to the bottom overnight.
Faced with such a trend, the United States is also trying to prevent these situations from happening. In addition, another manifestation is that many countries have transported gold stored in the United States back to their home countries. Gold has a very great role and significance in people's lives. It not only has the function of decoration, but also has the function of preserving value. When Bretton Woods system was established, the US dollar was directly linked to gold. Nowadays, many countries hope to transport these gold back to their own country, which will to a certain extent threaten the US's own economic development.
Nowadays, more and more countries are using their own currencies to settle or other currencies when conducting international trade , especially the Middle East, which is very important to the United States. Although the Middle East is very turbulent, the proportion held by the United States is very large. After all, the Middle East has a very rich oil resources and is very important to the United States. These countries in the Middle East use other currencies to settle trade, which also makes the United States feel threatened.
Since many countries are now using other currencies to settle, if it continues, it will inevitably have a great impact on the development of the US dollar, and thus will also affect the United States' status in the international community. Although many countries around the world are de-dollarization, it has to be said that the US dollar has a very strong role in the international market, which has also made many de-dollarization countries doubt their own actions.
The United States itself has very strong economic strength. In order to avoid greater economic risks, the United States adopts the method of hikes in interest rates. In this case, the US dollar appreciates and the currencies of other countries have depreciated significantly, which has led to the US dollar continuing to strengthen in a short period of time. But it can also be seen from the behavior of many countries that the US dollar's position in everyone's mind is getting lower and lower, and the US economy will also experience a sustained recession. If this speed continues, it will not take long for the United States to be in a very serious threat. The choice of de-dollarization by various countries is also extremely disappointed with the behavior of the United States. De-dollarization is a necessary journey for many countries.