The graphics below show the timeline of de-dollarization and the countries seeking alternatives to the US dollar.
The U.S. dollar has dominated global trade and capital flows over many decades.
However, as Visual Capitalist’s Bruo Venditti details below, many nations are looking for alternatives to the greenback to reduce their dependence on the United States.
This graphic catalogs the rise of the U.S. dollar as the dominant international reserve currency, and the recent efforts by various nations to de-dollarize and reduce their dependence on the U.S. financial system.
Treasury Secretary Janet Yellen warned in a quote to CNN that the US dollar may lose its dominance if nations are sanctioned.