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Entering 2023, weve seen a growing number of countries stepping up their push to reduce reliance on the U.S. dollar. Is the Greenback not reliable anymore? What plans have been drafted so far? Why is the bucks supremacy facing challenges? Im Pablo Chen. And this is Facts Tell. Today, we are also joined by Professor Anton Fedyashin, the director of the Carmel Institute and associate professor at American University. Welcome to Facts Tell. Before we dive into our discussion, lets do a quick count of the recent announcements made around the world that are related to reducing exposure to the U.S. currency. In an interview earlier this month, French President Emmanuel Macron said Europe should reduce its dependence on the extraterritoriality of the U.S. dollar. His remarks came on the heels of a trade deal between French conglomerate TotalEnergies and Chinas offshore oil giant CNOOC, which marked the countrys first-ever LNG transaction settled in the yuan. Also, the BRICS nations -
