3 Countries Achieve 90% De-Dollarization in 2025
A total of three countries, Russia, China, and India, have officially achieved 90% to 95% de-dollarization in 2025. The development is reshaping global trade dynamics as China and India are the economic powerhouses of the East. This puts significant pressure on the US dollar, which is struggling to maintain trust in the international markets. Russian Deputy Prime Minister Alexander Novak confirmed that the country is being successful in de-dollarization. He revealed during an interview that Russia has transitioned 90%–95% of its trade settlements with China and India into national currencies. “The market itself meets the need for settlements in national currencies. For example, with our friends from China and India, we have already switched to national currencies by 90–95%,” said Novak during an interview with Solovyov Live TV channel. He explained that Russia will continue the de-dollarization process and put a significant strain on the US dollar. The Russian Deputy Minist...