Islamic Countries Challenge USD ‘Sanctioning Tool’ With Planned Common Cryptocurrency
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Muslim countries around the world are planning to push back against the U.S. dollar’s long global dominance by creating a common digital currency for use in Islamic states. The dollar has evolved into a “sanctioning tool,” charged Erol Yarar, chairman of the Muslim-focused business lobby group International Business Forum (IBF). It has lost its purpose as an international trading currency, he said.
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The US dollar is the only currency in the world to be found in all countries of the world.