About 28% of the GDP of the world is under sanctions, which is big enough for these countries to start thinking about using their own currency, according to research.
From Iran, Russia, to China… Economic tools have been used extensively for political purposes, hurting investors and the interests of businesses.
According to researcher, the use of the US dollar as a tool to print money or control its reputation comes at the risk of the Global South, and the use of it as a policy to implement sanctions has been damaging its reputation.
Even in the western countries, there has been rise of the cryptocurrency and digital currencies, which is in a way people saying that we need an alternative system, because we are losing faith in the dominance of the currency that we currently use.
