A threat to the existence of the dollar after the banking crisis in America

New Delhi: After the recent banking crisis in America, there is a threat to the existence of the dollar. According to the information received, many countries of the world are thinking about the issue of de-dollarization.

The sovereigns of various countries are looking to reduce their dependence on the dollar after the US banking crisis. However, financial experts are of the opinion that this process will create other hurdles along with affecting the country's exchange rate.

As for de-dollarization, China and Brazil have moved in this direction. Since last month these two countries are doing business in each other's currency. Argentina also recently said it would pay China in yuan instead of dollars.

China and Russia are also discussing de-dollarization. While Iran and Russia are preparing to develop a new crypto currency. which will be used in payment.

India and Malaysia are now trading in rupees. The Saudi finance minister recently stated that he is willing to trade in other currencies besides the US dollar. Thus, the dollar's existence is threatened as various countries begin to consider de-dollarization.