Say goodbye to the dollar in several countries — the bill will be completely banned in these areas for this reason

[Starmix]

In the second term of President Trump, many changes happened and one is banning the use of the US dollar, it is in fact, completely banned in some countries in the world. The decision was made during the CIS Summit, which took place in early January and saw the presidents of each country sign an accord to build a new financial environment. The following countries would abolish the currency

• Armenia
• Turkmenistan
• Uzbekistan
• Azerbaijan Azerbaijan
• Belarus Belarus
• Moldova
• Russia
• Tajikistan
• Kazakhstan
• Kyrgyzstan

The report said that one of the world’s most significant currencies is the US dollar. It is important to remember that it is the primary reserve currency for many nations’ central banks. This indicates that governments and financial institutions keep substantial sums of money to maintain liquidity and economic liquidity.

Furthermore, many international transactions, particularly those involving commodities like oil, take place in dollar bids. This makes it indispensable for economies all across the world, regardless of local currency.

Report Source: LAGRADA

 

[Augusta]

one of the world’s most significant currencies is the US dollar and the primary reserve currency for many nations’ I agree with this

 

[Starmix]

Russia might not be happy with this, but when he agrees to concede to stop the war, the offer of $350 billion can make Russia rise again. It is better to accept the money offered by the USA through President Trump.

 

[Stardom22]

Many countries have been using the currency ever since. I think that dropping the use of it wouldn't not affect its value with response to the world's inflation

 

[eLdavis]

The dollar has played a major role or should i say have had a huge influence in most countries, and some just want to be independent from it.

 

[Starmix]

Lucky are those working in the USA, when the allotment for the family arrives, they will be excited f the dollar conversion to the Philippine currency, is equivalent to 57 pesos.

 

[Augusta]

Same here the dollar conversion for us here is also very high. That's why some people over here looked to be paid in dollars

 

[Starmix]

The conversion of one dollar to Ph peso is also high, which the government worries about. According to the Central Bank, it weakens the Philippine peso.

 

[Augusta]

The conversion of one dollar to Ph peso is also high, which the government worries about. According to the Central Bank, it weakens the Philippine peso.

It is the same thing here mate. This high conversion so weaken the Naira. But it is good for those working and earning in dollars