Several countries are currently working to reduce their dependence on the US dollar. This data was shared with the International Monetary Fund (IMF).
“Some countries are reconsidering their heavy dependence on the US dollar for international transactions and reserves,” the TASS report quotes.
At the same time, the IMF noted that the American currency still retains its dominant position in the world economy. The dollar accounts for about 80% of all transactions, according to SWIFT data.
Earlier it was reported that the executive director for Russia at the IMF, Alexey Mozhin, admitted the possibility of a collapse of the global monetary system.