Vladimir Putin said during a CIS meeting: “The use of national currencies is widening in mutual payments. Their share in commercial operations among CIS participants has already been above 85%. The process of import phase-out is moving quickly, and thus the technology sovereignty of our country is being strengthened.”

As of now, major economies across Asia, Africa, South America, and even parts of Europe are charting their own paths away from dollar dominance. This shift is not only reshaping global trade dynamics but also challenging an international monetary system that has held dominance for nearly eighty years.