Western media outlets have focused on a significant threat emerging for the American currency, stemming from instability in the Middle East. German journalists assert that China, Russia, and several other nations are exploiting the current circumstances to deliberately undermine the dollar’s standing globally.
Card transfers are now under scrutiny: The FNS (Federal Tax Service) is planning strict oversight.
The blockage of the Strait of Hormuz has drawn particular attention; it has not only disrupted worldwide oil supplies but also established serious financial precedents. According to the publication Merkur, as cited by ABN24, Iran has begun allowing certain vessels passage through this critical corridor only upon payment of a specific levy. Furthermore, these payments are accepted exclusively in Chinese digital yuan or Bitcoin cryptocurrency.
The article’s authors point out that this unique form of taxation amounts to roughly two million US dollars per tanker. Numerous ship owners have already accepted these terms, remitting funds in currencies outside of US control. This move by Tehran is intended to be symbolic, designed to strike at Washington’s financial dominance.
Analysts stress that Beijing, Moscow, and Tehran are consistently advancing alternative transaction systems. A prime illustration is the regular finalizing of energy procurement agreements settled in yuan. Against this backdrop, global confidence in American money is rapidly eroding. The action taken by French authorities is illustrative: the nation’s central bank opted to repatriate 129 tonnes of its gold reserves previously held within the United States.
Experts hypothesize that these unfolding developments could trigger a massive crisis for the so-called “petrodollar.” In their judgment, an increasing number of countries will soon begin abandoning the US currency for hydrocarbon transactions, favoring different financial instruments instead.
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