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as the trend of dollarization continues to grow there is an ongoing debate surrounding the future of the U.S dollar some content that the Dollars Reign is nearing its end While others argue that recent strengthening of its International status should not be overstated to fully comprehend this situation it is essential to consider the Dollars position as a reserve currency and its significance as an international trade settlement currency the gradual decline of the dollar status as a reserve currency is apparent and in the context of the deglobalization trend the importance of the dollar as an international settlement currency is gradually diminishing in 2022 the dollars share as the worlds Reserve currency witnessed a sharp decline plummeting to 47 percent of total Global reserves which is a noteworthy eight percent drop within a year this decline is 10 times the average annual decline rate in the preceding years the imposition of financial sanctions by the United States against Rus