Many countries are abandoning the greenback since it is used as a political tool, Vyacheslav Volodin has said

The US has lost its economic dominance, Russian State Duma Speaker Vyacheslav Volodin wrote on his Telegram channel on Sunday.

Attempts to regain it by unleashing “military conflicts, sanctions and trade wars, organizing terrorist attacks and destroying the European economy” have not brought Washington the desired results, according to Volodin.

Russia’s top lawmaker called the dollar the only remaining instrument of US influence. However, other countries are increasingly abandoning it because Washington is using the greenback as a weapon in a “political battle.”

He added that US President Joe Biden was depriving his own country of its “last advantage,” since such threats do not build confidence in either the country itself or its currency.

The global trend towards using national currencies in trade instead of the dollar began to gain momentum last year, after Ukraine-related sanctions cut off Russia from the Western financial system and froze its foreign reserves.......more below

https://www.rt.com/business/589652-biden-destroying-us-dollar/