In recent years, the term "de-dollarization"—trade conducted in non-dollar currencies—has gained prominence in discussions on global economics and geopolitics. The trend has intensified amid threats from U.S.
1948 was the year of the dollar's absolute dominance, and it continued to grow until countries began courting America by pegging their currencies to it, while other countries concluded agreements with specific baskets to indirectly denominate them in the dollar.
When the world goes through economic or political crises, what is called "safe havens" emerges, to which all investors turn when crises occur. One of the most prominent of these safe havens is the dollar.