Countries Engaging in De-Dollarization ‘Acting Against Their Own Self-Interest,’ White House Warns

Countries Engaging in De-Dollarization ‘Acting Against Their Own Self-Interest,’ White House Warns
White House National Security Council spokesperson John Kirby answers questions at a press briefing with reporters at the White House on April 20, 2023. Madalina Vasiliu/The Epoch Times
Andrew Moran
Emel Akan
Updated:
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Countries that are joining China and Russia in their de-dollarization campaign may be acting against their own self-interest and economic growth, White House National Security Council spokesperson John Kirby said in an interview with The Epoch Times on April 27.

Argentina will pay for imports from China in yuan instead of U.S. dollars to prevent a further decline in the nation’s diminishing dollar reserves, the government announced in a televised broadcast, joining a lengthening list of countries that are seeking to ditch the U.S. dollar in trade deals.

Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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