Expert predicts further advancement of multicurrency financial system

Many countries are tired of the American stranglehold and are setting free from it – as noted by political scientist Aleksandr Shpakovsky during his talk with Alfa Radio

He stated that the world is now experiencing tectonic shifts.

“Along with multi-polarity, and Belarus is in the camp of those states that support it, a multicurrency financial system will gradually move forward,” the political analyst noted. “In the course of time, many countries will abandon the US Dollar. Yes, it still occupies a very prominent place in world settlements but I can say that in 2021 the share of alternative currencies was only 7 percent while now it already reaches 25 percent. Middle Eastern states are moving to Yuans in oil trade with China. Belarus and Russia are switching to Russian Roubles in their trade. The foreign exchange reserves of the Russian Federation will be formed in Yuans and gold. Previously unprecedented Russian investments in American securities are being reduced. According to a number of parameters, Russia is acting very cautiously, since, apparently, it is overcoming the powerful resistance of the fifth column, which has been parasitising there for thirty years. But the trend is apparent.”

“The President of Belarus, in his speech on May 9th last year, said that the world was tired of the American stranglehold. It is definitely so. Many countries will abandon the US Dollar. Someone is already doing it. Of course, a number of states cannot openly come out in support of Russia or Iran. But much is done out of the public eye. For example, the arrival of Wang Yi in Moscow, the upcoming visit of Xi Jinping [to Russia], the invitation of the Chinese leader to the Belarusian Head of State to visit Beijing indicate that a range of countries is being formed. We will live in a different world,” summed up the expert.