Russia has suggested the U.S. dollar could lose its as the global trading currency. The U.S. has put on Iran, Turkey and Russia, so countries could start doing business in own currencies . Countries that have had tariffs put on them by the U.S. could do the . China is already doing trade in its currency the yuan. The dollar could lose its as the international reserve currency.
The U.S. dollar became the international reserve currency in the . Most global trade takes place using it. If China buys from Iran, it pays in . This means of dollars flow out of the USA and gives the USA a currency . Russia said: "The abuse of the role of the U.S. dollar as a reserve currency will result...in the... of its role." China's currency is emerging as a trading currency. Nigeria has started using it.
