De Dollarisation Explained: How US Sanctions and Asset Freezes Are Driving a New Multi-Currency World
For eighty years Washington could print claims on the rest of the world and call it money. That privilege is no longer absolute. By turning reserves and payment pipes into weapons, the United States has forced other states to think like risk managers. The result is not a sudden dollar collapse, but a slow tightening of the funding noose around Washington’s own budget