The African Countries DROPPING the Dollar.

African Countries Ready to Drop The Dollar. The US dollar is the world’s reserve currency, meaning that it is the most widely used currency in international trade and finance. However, several African countries are considering dropping the dollar in favor of their own currencies or regional currencies. African countries are now more willing to take steps to free themselves from American influence by strengthening their national currencies or developing new currencies that would be utilized for intra-continental commerce as a result of the US dollar’s declining significance in international trade. So, in this video, we are going to be telling you why African countries are dropping the dollar and some particular people fighting for this to be implemented. Let’s begin! President William Ruto of Kenya is quickly gaining a lot of fans after he has been speaking against the US dollar on several occasions. Ruto urged African countries to stop trading with the U.S. dollar for cross-border transactions. He questioned the usage of the dollar in international trade and urged African countries to make payments in their local currencies. The President emphasized that Kenya has no justification for using the dollar to settle trade agreements with other African countries. Other videos you’d enjoy on our channel; Putin to Build A power plant for Burkina Faso: 7 most notorious African Leaders of all time: The French President that betrayed Gaddafi: FOOTAGE licensed through Storyblocks