Advertisement

Deepin Moments: The United States has been Hit Hard, Egypt Wants to Decouple from the Dollar

0
214
Advertisement

Deepin Moments
Oct 31, 2022

After the outbreak of the Russia-Ukraine conflict, the United States not only has no bottom line sanctions against Russia, but also take advantage of this opportunity to harvest European wealth, and the United States has the courage to do so recklessly, there is an important reason is that the United States has the dollar hegemony.

The United States uses its dollar hegemony to enjoy many advantages and has been running roughshod over the world, making its own rules and doing whatever it can to achieve its goals. But as the world development process continues to promote, countries began to gradually rise, the United States of this hegemonic behavior, but also by more and more countries dissatisfaction, this is not, now comes a bad news of the United States.

According to reports, following Russia, Iran, India and Turkey, Egypt has also joined the camp of de-dollarization.

Egypt has decided to decouple its currency from the U.S. dollar, as the U.S. is not Egypt’s main partner country, so Egypt will proceed to establish an Egyptian pound index regardless of the direction of the dollar exchange rate, as to what currency is linked to, which could be gold or other metals.

Egypt’s announcement to decouple from the dollar is a big deal for the dollar. Although Egypt’s economy is not large or small, even if the Egyptian pound and the dollar decoupling, the impact on the dollar hegemony is very small.

I say this event is big because he set a precedent. Other countries whose currencies are pegged to the dollar will follow Egypt’s decoupling from the dollar because of the lack of dollar reserves. Once the decoupling of more countries, will accelerate the process of de-dollarization, then, will inevitably let the dollar hegemony suffered a heavy blow.

https://www.youtube.com/watch?v=miqqvvw93Kk

Advertisement

______________________________________________________

If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2022 Dinar Chronicles

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here