Challenging the US financial system

The US dollar has remained the world’s top currency when it comes to trade, but its standing is increasingly coming under threat.

Countries like Iran, China, and Russia are giving it a run for the money, challenging the standing of the US dollar being the world’s top currency.

Iran’s Central Bank has announced that Iran and Russia plan to de-dollarize several sectors of their commercial relations, in line with their previous moves to de-dollarize.