The dollar in danger  - here are 10 countries that want to abolish the currency

Started by bosman, 2025-02-02 10:47

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 Africa businessmen are in trouble as dollar in danger .
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The dollar in danger  - here are 10 countries that want to abolish the currency and  will not accept payments with it
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The BRICS  countries pose a growing threat to the  US dollar, which is the most  widely used currency in international trade. President Donald Trump  has vowed to  impose 100% tariffs on members before his inauguration if they  support an alternative or  attempt to replace the dollar with another currency. This  economic group has indicated that it  wants to  reduce its reliance on the dollar in cross-border  trade, but currently  does not have a strong strategy  for developing a  replacement currency.
Here are 10 countries that want to  ditch the dollar and stop accepting payments
Although the concept has been  mentioned many times, it is still unclear how it will be implemented. There are several obstacles to  the feasibility of this  project, as the dollar is still the  world's main reserve currency and still controls  the majority of trade in important commodities  such as gold and oil. The  BRICS countries  - Russia, Brazil, India, China, South Africa, Egypt, Ethiopia, Indonesia,  Iran and the United Arab  Emirates - have expressed their desire to replace the  US dollar.
Created in 2009, the BRICS bloc seeks to  promote the interests  of developing economies and  reduce their  dependence on the dollar in cross-border trade. Member  countries have expressed interest in  exploring alternatives that would give them greater control over their  markets, as the  US currency  dominates international trade. Leaders  such as Brazil's Lula da Silva and  Russia's Vladimir Putin have recently reaffirmed their  desire to  reduce the  power of the dollar. However, the dominance  of the US currency in the  world market makes  it difficult to develop a  competitive currency. Despite the BRICS' efforts, it is  unlikely that an alternative currency will be accepted  in the near future due to global stability and  confidence in the US economy.  With the  rising cost of a  range of imported  goods, including coffee,  clothing, electronics and minerals, the prospect of imposing tariffs on  goods from BRICS  countries has  raised concerns. While it is unlikely that a 100% tax  would be enacted, it  could increase inflation  in the US and  the cost of living  for consumers, as imported  goods would become significantly more  expensive.
Here are the dollar bills you  can no longer  use
Although $100  bills are the most  widely used currency, paper money is  certainly changing. Concerns about the future of cash  are growing as more people around the world  turn to digital payment methods. There  has been recent  talk of  possibly eliminating this iconic  note due to the emergence of digital currencies and changes in consumer behavior. For now, the $100  bill is here to stay, although changes  are expected in the future. The Bureau of Engraving and Printing, the Federal Reserve (Fed), and the Secret Service are working with the  Anti-Counterfeiting Advance Guidance Committee (ACD) to improve  detection and incorporate security  features.
The current goal is to preserve the monetary value and meaning  of money. The $100 bill is currently the most popular denomination in the  country and prominently  features the  image of Benjamin Franklin, a statesman and scientist  considered one of America's most  beloved people. Benjamin Franklin is  one of the most famous  figures associated with the United States. In addition to being one of the  Founding Fathers and helping to write the American Declaration of Independence, he also invented the lightning  rod.
The updated  $100 bill is expected to be issued in 2034 or 2038, according to reports from the Federal Reserve and the Bureau of  Engraving and Printing, as well as data from the ACD and the Secret Service. The value of US dollar bills has changed over time.  In particular, George Washington has continued to appear on the  dollar bill since its inception in 1876. Dollar  bills as we know them  today first  appeared on the market in 1791, when Alexander Hamilton founded the Bank of America. The new design will be the fourth  redesign of  the $100 bill in the  past century. The most recent was  introduced in 2013. The choice to  put Franklin on the front  of the banknote represents the American dream, which is  reflected in  Franklin's story of overcoming  hardship to  become.

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