Many countries are choosing alternative payment instruments and boosting non-dollar holdings within reserve assets, Janet Yellen acknowledged

US sanctions are pushing many countries to seek alternatives to the dollar for settlements, Treasury Secretary Janet Yellen admitted during her annual appearance on Tuesday before the House Financial Services Committee to discuss the state of the international financial system.

Asked about the risk of de-dollarization, Yellen acknowledged that the use of the dollar in the global economy is diminishing.......more below

https://www.rt.com/business/577999-us-sanctions-dollar-hegemony/