The abuse of the dollar's status as the international reserve currency by the United States and the losses other economies suffer due to the dollar’s wild fluctuations and US economic sanctions are prompting more and more countries to seek countermeasures, by using their domestic currencies to settle trade payments, thus triggering what could be the de-dollarization of the global economy. Four experts share their views on the issue with China Daily.
The United States yesterday extended its sanctions on Zimbabwe by another year with effect from 6 March, a day after the European Union also extended its. While European Union sanctions are an arms embargo on Zimbabwe and an asset freeze of military company Zimbabwe Defence Industries, US sanctions are more comprehensive and cover more than
Bangladesh's export sector showed its prowess in 2022 despite the devastating Russia-Ukraine war, unprecedented freight costs, energy crisis, record inflation and a risk of a recession that loomed throughout the outgoing year.