US Sanctions Affect More Than 20% of the World GDP
According to studies, sanctions affect around 28% of the global GDP, which is significant enough for these nations to consider introducing their own currency.
From China to Russia and Iran… Economic instruments have been heavily utilized in politics, harming firms’ and investors’ interests.
The reputation of the Global South has been harmed by the use of the US dollar as a policy to impose sanctions, and the researcher claims that using it as a weapon to print money or control its image puts the region at danger.
The emergence of cryptocurrencies and digital currencies, even in western nations, suggests that we require a substitute system as our confidence in the supremacy of the currency we already use wanes.
I am a dedicated student currently in my seventh semester, pursuing a degree in International Relations. Alongside my academic pursuits, I am actively engaged in the professional field as a content writer at the Rangeinn website.
