Confidence in the United States is eroding. The question is not whether the dollar will lose excellence – it is when Kenneth Muhammad star-news.press/wp

andOr more than eight decades, the US dollar ruling as a reserve currency in the world – a position that was strengthened at the Bretton Woods Conference in 1944 and was strengthened by the industrial authority in America and the military domination in America.

Today, this superiority faces increasing resistance from multiple trends – from African revolutionary movements to economic calibration operations in Europe, and from the budget for the BRICS countries to geopolitical intertwining in Ukraine and Israel.

With global confidence in the supervision of Washington for international financial order, the transition for a long time to a multi -polar world may be soon.

At the heart of the movement to get rid of the disposal of the Brazil-economic bloc of Brazil, Russia, India, China and South Africa, it recently joined Egypt, Saudi Arabia, Argentina, Ethiopia, Iran and the United Arab Emirates. BRICS has already exceeded the seven group in terms of equal purchasing power (PPP), which increased its demands for a more balanced global financial system.

The group has increasingly moved to a bilateral trade in national currencies, beyond the need for US dollars. India and Russia, for example, oil is now circulated in rupees and rubles. China and Brazil have established settlement mechanisms in the real yuan and Brazilian.

Russia’s invasion of Ukraine and its subsequent exclusion from the Swift (Society for Worldwide Interink Communication) has accelerated these transformations.

Economist Jeffrey Sax has repeatedly commented on Washington’s continuous weapons of the dollar, as he was practicing it through financial sanctions and commercial barriers to confirm her geopolitical agenda. Countries across the global south belong to a firm effort to restore their sovereignty.

In Africa, especially the Sahel region, a calm revolution collects steam. Leaders like Ibrahim Traore from Burkina Faso are guided, who officially announced their intention to give up CFA FRANC – colonial remains linked to the euro and eventually for French control. Traore has emerged as a voice in all of Africa calling for economic independence, including a return to sovereign monetary policies.

The potential African currency, which is involved in West African countries, is suggested not only as a financial tool but as a symbol to end colonialism. With the support of Mali, Niger and Guinea, and with discussions by the strong West Africa bloc on the “ECO” currency that has long been delayed, the African continent is about to challenge the American and European monetary domination.

This is not just an economic policy; It is an identity. Since the voices of the general Africa require sovereignty, the common currency can indicate contracts in the economic awakening.

This movement acquires moral support from African and economic intellectuals, such as the Kenyan professor Lomba BluWhoever argues that you cannot be a political independent if you are not economically free. This transformation is not only related to money, but about dignity and direction.

In recent months, there have been renewed calls in Italy and Germany to return home Parts of its gold reserves from the United States, which is an evolution for it Go to a large extent It was not reported in the Western media. Bindz Bank has already referred to a lack of confidence during the Obama administration by calling more than 300 tons of gold from New York and Paris.

The new movements are related to the return of Donald Trump, the inability to predict and aggressive definitions, especially towards NATO members and the European Union. The second presidency, Trump, is an increase in the Atlantic confidence.

European countries surrounded weapons financial systems. If France or the Netherlands follow its example, it may indicate the beginning of the end of the trustee on the monetary assets in Europe.

While many world is expected to maintain strict financial discipline, the United States continues to run a jaw deficit. Its national debts have increased to more than $ 36 million (25 million pounds), as the annual interest payments exceed 1TN – more than the entire defense budget.

Unlike other countries, the United States can finance this deficit by printing more dollars – a privilege provided by the dollar reserve status. But this creates inconsistency: commercial partners must earn dollars through exports or debt in order to interact with the global economy, while the United States absorbs the benefits of infinite liquidity.

Joseph Steglitz, the Nobel Prize -winning economist, warned in the past that this heavy privilege will not last forever. The rest of the world is mainly lending to the United States at zero benefit, while suffering from inflationary pressure resulting from its creation in dollars. Stiglitz has argued that the dollar-based system has become unfair and unstable by its nature-especially for the emerging economies that should carry the fluctuations that he did not create.

Open military aid to Ukraine and Israel is exposed to increased confidence in the US financial view and the value of the dollar. These wars, justified by national security and ideological necessities, are increasingly funded by spending on deficit.

The paradox is blatant: Washington prints money to finance arms shipments abroad, while inflationary effects are crowned through developing countries that are still linked to dollars. With the rise of inflation and interest rates, capital flows are redirected to the United States in search of return, credit and growth in the global south.

American foreign policy is no longer compatible with economic wisdom. The military industrial complex thrives sustainable development.

However, more than 58 % of global reserves are still in – and nearly 90 % of all currency exchanges still involve – dollars. The effect of networks, deep capital markets, and geopolitical lever.

But this hegemony depends on confidence – the true basis of any currency – and that confidence is eroded. What we are witnessing is not a collapse, but it is a transition. The multi -polarized currency system may arise over the next few years, as regional blocs depend on national or collective currencies, from the Chinese and Indian rupee to the potential financial tools of the environment and the BRICS tools.

The question is not whether the dollar is losing excellence, then it is when. The challenge that Washington is now facing is whether it will fix and share the financial system – or adhere to the outdated privileges until the world moves without it. Only this week, Donald Trump threatened to increase the 10 % definitions for “non -American” Brexes and any countries that are compatible with the 10 -member bloc.

The dollar was born in a world in which the United States led moral power, industrial power and trust. But post -colonial colonial world is different. Countries all over the world are restoring their cash agency, and they are wondering about the rules of the game that have long been forged for Washington.

Now in 2025, the constant genocide against the Palestinian people deeply deepened from global anger, and in the eyes of the global south, the last remains of the moral power that the United States and Europe were demanded.

Getting rid of fading is not a threat to global stability. It is a balance – it requires fairness and fairness. The global south no longer asks for change, they are they. If the United States fails to recognize this, it does not only risk its currency but its global impact. Reform or retreat.

As Sachs said, the United States cannot lead the world by force forever. Sooner or later, people will stop following up. The truth is that the world does not move away from the United States – it is moving towards itself. One currency at one time.