Many important Countries and international business groups have been switched from US dollar to national currencies in trade and many more are planning.
In early 2014, Justin Yifu Lin, the former World Bank Chief Economist, blamed the dominance of the US dollar for global economic crises and said it should be eliminated as the world's reserve currency and the solution would be to replace the national currency with US Dollar.
In the recent months, several countries, including Russia, China, India and Turkey, have decided to ditch the US dollar in their foreign trade, often paying for products in gold or other agreed on currencies.
Posted Infographic in Finance