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What is De-Dollarization ? How will it effect SWIFT Payment System around the WORLD (In Punjabi) ?

In this, we have covered the topic of De-Dollarization. As we all know the supremacy of the dollar curreny. US Dollar was never been the top chart of the currencies before. It was Great British Pound who holds the top chart among currencies. In fact two decades back then, pound was the most valuable note currency around the world. But then it got to World War 2. During the world war 2, Great British pound had struggled a lot due to crisis in country. And back then, United States Dollar was doing in International Market. Hence as the time passed, US Dollar took over the top chart of valuable note currency to transact around the world. In fact US Dollar also captured the online money transfer platform that is Swift. Then it comes to the point when countries around the world especially Asia and Middle east started realising that they cannot rely on US Dollar for international trade. They have to brought out some common currency grounds to trade with each other. In the beginning of 2015, some of countries like Saudi Arabia, Venenzuala who are known as the Petroleum Giant producers, come up with an idea to trade in native currency. Gradually, other countries started following the trend of independent international trade and introduced their own ways of transacting money. Moreover countries in BRICS unions, chose to continue their in-trade with currency apart from US Dollar. Hence it all sum up as the De-Dollarisation of decade and it may be even more powerful in future. Reason behind saying is that countries are choosing different ways of trading internationally apart from US Dollar which eventually making US Dollar weaker. Lets see, how de-dollarisation will come up in future and what impacts it will leave behind. Thank you so much for watching this video. If you have any query related to this video, do let us know in the comment section below. If you want us to make video on any topic related to Great British lifestyle or subject, do share at [email protected] ___________________________________________________________________________ Other Useful links:    • How to get NMC PIN via ONLINE Registr...      • How to pass DRIVING TEST in UK | Driv...      • How to Buy a House in UK if you are o...      • Earn More Money in UK | Side Hustles ...   LIKE || SHARE || SUBSCRIBE to our channel. Thanks.