Money Changer SWIFT is Fractionalizing
With The Ukraine war on The central banks can now have an "out" with the coming devaluations of their monopoly money. You think? Wheat as a commodity is spiking! There goes food security! These actions will cause the dollar to lose reserve currency status soon in my opinion.
The widespread use of the Dollar in international markets, for instance, allows the United States to affect foreign policy goals through financial market channels (hard power) and may also confer certain reputational benefits (soft power). However, overuse of these powers could compel other actors to try to replace Dollar transactions, as Russia already did to some extent following earlier sanctions.