Russia's foreign suggested that the U.S. dollar could lose its as the world's leading . He said that because the U.S. has put on Iran, Turkey and Russia, these countries could start doing in their own currencies of the dollar. Countries that have had trade tariffs imposed on by the U.S. could also do trade in their own currencies. This could include the economic China not using the dollar. China is already doing trade deals in its currency. Experts say the dollar could lose its as the international reserve currency.
The U.S. dollar became the reserve currency in the 1920s. Most international trade takes place using it. If China buys from Iran, it pays in dollars. This means billions of dollars flow out of the USA. This gives the USA a currency as its dollars are in countries. Russia's foreign minister said: "I'm that the grave abuse of the of the U.S. dollar as a global reserve currency will result...in the... of its role." China's currency the yuan is emerging as a trading currency. Africa's most nation Nigeria has already started using it.
