Musk Says US Policy Is Too Tough and Other Countries Want To Abandon the Dollar

Published: Apr 25, 2023 15:24

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Recently, some countries have announced or planned to settle trade in their own currencies. This phenomenon, called "de-dollarisation" by the media, has attracted attention.

On March 30, American entrepreneur Elon Musk shared his views on this issue on Twitter.

He said: "This is a serious problem. The US policy is too tough, and it makes other countries want to abandon the dollar."

Musk made the remarks while commenting on a series of tweets by a Twitter user on the issue of "de-dollarisation." He added: "Excessive government spending forces other countries to absorb a large part of our inflation."

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