Core Viewpoint - The article discusses the declining trust in the US-led international financial order and the increasing trend of countries bypassing the US dollar in favor of their own currencies for bilateral trade, indicating a shift towards a "multipolar currency world" [1][2][4]. Group 1: Dollar's Dominance and Challenges - The US dollar has been the world's reserve currency for over 80 years, allowing the US to finance its deficits by printing more dollars, creating an asymmetry where trade partners must earn dollars through exports or debt [1]. - The US national debt has surpassed $36 trillion, raising concerns about the sustainability of the dollar's privileged status [1]. - The financial system based on the dollar is viewed as unjust and unstable, with other countries effectively lending to the US at zero interest rates while facing inflation pressures from dollar issuance [1][2]. Group 2: Global Reactions and Movements - Countries are increasingly questioning the rules that favor the US and are seeking to reclaim monetary sovereignty, with a focus on creating a multipolar currency system [2][5]. - BRICS nations are at the forefront of the de-dollarization movement, with economies now surpassing the G7 in purchasing power parity, and countries like India and Russia trading oil in their own currencies [4]. - In Africa, there is a push to abandon the CFA franc, which is linked to the euro and controlled by France, with leaders advocating for monetary sovereignty and economic independence [4]. Group 3: Erosion of Trust Among Allies - Even close European allies of the US are showing signs of distrust, influenced by geopolitical tensions and the unpredictability of US policies under recent administrations [5]. - The article notes that the dollar still accounts for 58% of global foreign exchange reserves and is involved in nearly 90% of currency exchanges, but this dominance relies on trust, which is eroding [5]. - The potential shift towards a new multipolar currency system is framed as a necessary rebalancing rather than a threat to global stability [5].