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in the world of international trade the US dollar is the most widely used currency and it has held that position for decades but in recent years some countries have started to break away from using the US dollar as their primary currency for trade instead opting to use their own currencies or other currencies like the Euro Chinese Yuan and the Japanese Yen this shift is gaining popularity in even countries like Brazil and Japan who are close allies of the US are trying out by increasing their currency trade with each other the reasons for this shift are varied but they all point to The Changing Times in our multipolar world remember that subscribing and activating the Bell notification feature will make you stay up to date with business history international relations geopolitics and world affairs shaping the global climate and our civilization the U.S has a special position where its currency is the worlds Reserve currency this means it can apply sanctions to any country worldwide an