RE: Is Bangladesh is next after Russia, Iran in de-dollarization process?
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The dollar won't change because of worries about the US debt. Some people who are negative about the dollar say that people are losing faith in it because of worries about the US's growing debt. This doesn't change people's trust in the US dollar, though, because it has long been known as a very flexible safe-haven asset.
Cryptocurrency isn't a good replacement for the dollar. Cryptocurrencies like Bitcoin can be bought and sold, but they change value too quickly to be a real option to the dollar.
Still, the trust issues among the nations need to be solved for another global currency like the USD.
Dear @tanzil2024 !
Hassan!
Thank you for good article!😃
I predict that the United States will create a digital currency to replace the dollar.
It is not an easy task, you can't replace the dollar, but can create a digital version China has a digital version of the Yuan called 'e-CNY' and it is now widely accepted in Beijing and in other major cities.