A. Background

(1) This refers to the related Important in trail, blue, italic and double Line (a) BFIC239 of 22.12.23 about USD & US Downfall, as China-Russian Banking & Currency Alternatives (b) EIQC189 of 3.4.23 about Dollar to Yuan & US Downfall - World Economy changes. (2) For List of other relevant QCs, please refer to Para C.

B. Executive Summary

Owing to it is evident that US is SWIFT usage is constantly going down and CIP is taking its place further & usage is going up. Further cruelty by US (and its puppet Israel) as so called Super Power in Several Islamic Countries like in the past in Afghanistan, Iraq, Palestine, Yemen, etc which is evident from Elecrtronic, Social Mediaoatic & Print Media, the Bad Dua will will lead to US & Israel Downfall, ISA.

Although all the Commentaries are to the extent of the Subscribed IDs only, however, your Goodself is allowed to share this QC to Impart Knowledge and for Sadqa e Jaria to sell USD. 

C. Updated Commentary

1. General: Further to Background para C and KQU 3859 of 11.4.25, being an important matter, we would inform you about Video The End of the Petro-Dollar: Why the Global Economy is Collapsing? (Attachment 445.1) in the ensuing paragraph, with emphasis in bold & Underline and matter in bracted with prefix KC and in Italic, ours for quick reading.

2. Global Tensions: The current global situation is tense, primarily due to the Israel-US alliance's actions, which have created significant unrest worldwide. Iran's unexpected and forceful retaliation has caught the United States and Israel off guard, highlighting the resilience and courage of the Iranian people. As the conflict progresses, questions arise about the world's state post-war.

3. Iran's Response: Iran's unexpected and strong retaliation against America and Israel demonstrates the resilience and determination of the Iranian people, challenging the world's assumptions about their response. The aftermath of the conflict is likely to alter the global economic system significantly, as no one anticipated Iran's ability to assert such influence. This unfolding situation is poised to reshape international dynamics in unforeseen ways.

4. Financial System Changes: The global financial system is on the BRINK of transformation as the supremacy of the dollar is being challenged, particularly by Iran's actions that have caught the world off guard. The discussion centers around the future of dollar dominance, including how it will be dismantled and under what new systems. Additionally, the significance of SWIFT in this transition is highlighted as a crucial element to consider.

5. Dollar Dominance Decline: The dominance of the dollar is facing an impending end, raising questions about how and by whom this shift will occur. Key terms to understand in this context are Society for Worldwide Interbank Financial Telecommunication (SWIFT) and Cross-Border Interbank Payments System (CIPS), which will be discussed further. To grasp this transformation, a historical backdrop from 1971 regarding U.S. monetary policy will be explored.

6. Historical Context: The discussion begins with mention of Swift and CIPS, followed by a contextual backdrop of the 1971 financial crisis in the U.S., which had previously linked the dollar to gold at $35 per ounce. This strong dollar dominance shifted after the 1974 financial crisis, setting the stage for a broader analysis of the impending decline of the dollar's supremacy.

7. 1974 Crisis Overview: The 1974 crisis marked a significant turning point as the dollar's value plummeted after the abandonment of the gold standard, which was intended to establish dollar supremacy in global finance. This decline prompted Henry Kissinger to negotiate a pivotal deal with Saudi Arabia to ensure that oil transactions would be conducted in dollars, maintaining its status as the world's reserve currency.

8. Petrodollar Agreement: In 1974, U.S. Secretary of State Henry Kissinger secured a deal with Saudi Arabia to sell its oil exclusively in dollars, ensuring that all dollar earnings would be deposited in U.S. banks, which would then invest them in U.S. Treasury bonds. In exchange for this arrangement, the U.S. promised military protection to Saudi Arabia and other Gulf states. This agreement bolstered America's economy by ensuring a continuous influx of dollars, allowing the government to secure low-cost loans. (KC: US now failed to provide protection and hence Pakistan has provided certain protection recently and it several places went theme (KQU 3861 of 13.4.26 refer about Downfall of USD and progress of BRINKS - China, Russia, India, etc trade without USD. Brazil too. More & more in Progress)

9. US Economic Dependency: Investment of Gulf countries in the American economy has allowed the US to sustain its government operations using abundant and cheap loans. However, recent events highlight a loss of trust, as the US failed to protect its allies during crises, prompting a reevaluation of this economic relationship. With significant debt levels and a reliance on cheap loans, there is growing concern about the sustainability of this financial system in light of changing geopolitical dynamics.

10. SWIFT System Explained: The SWIFT system functions as a secure messaging service for banks, akin to WhatsApp, facilitating communication among over 11,000 financial institutions across 200 countries without handling transactions directly. Exiting or facing heavy restrictions from this system can adversely affect nations' economies, illustrated by Iran being excluded and others like Russia and North Korea experiencing stringent measures. A parallel system called CIPS has emerged, developed by China to handle cross-border payments using the Chinese Yuan.

11. Introduction of CIPS: CIPS, developed by China, is a new cross-border interbank payment system that utilizes the Chinese yuan as its single currency, allowing for faster and cheaper transactions compared to SWIFT. Approximately 100 countries and 141,500 financial institutions are connected to CIPS, which is particularly significant as countries like Iran and Russia are now mandating payments in yuan, indicating a potential shift away from the dominance of the US dollar in global transactions.

12. Future of Currency Systems: The emergence of financial technologies poses a significant threat to the dominance of the dollar, as nations, particularly China, may shift from petrodollar to petroyuan systems. This transition will disrupt existing dollar recycling systems within American banks and lead to a multipolar world where power is no longer centralized in the U.S. Other superpowers are poised to introduce alternative financial systems, creating challenges to America's financial hegemony.

13. Emerging Multipolar World: The emerging multipolar world is characterized by a shift in power dynamics, where not just the United States holds sway. China is poised to be a significant threat to America's dominance and the existing global financial order. This development necessitates careful observation and research.

D. List of relevant QCs

(a) EIQC 444 of 13.4.26 of Petrol Smuggling & Price Disparity and KC Views & Recommendations

(b) PGEC 206 of 3.4.26 about Significant rise in HSD & MS Prices, as KC predicted in PGEC & covered in KQU and KC Recommendations

(c) EIQC 439 of 7.4.26 about Petrol Price Hike sparks Devaluation Concerns, etc per Mr Tola

(d) PGEC 204 of 28.3.26 about Govt focuses on Stability amid Energy Price shocks

(e) PGEC 203 of 28.3.26 about Unnecessary US-Israel War on Iran & Highly Amazing Predictions 

(f) PGEC 202 of 27.3.26 about HOBC/V Power is necessary for High Value Cars - Myth or Reality - KC Views & Recommendations

(g) PGEC 201 of 24.3.26 about HOBC/V Power increased as predicted and No more HOBC/V Power & Other Recommendations

(h) PGEC 198 of 13.3.26 about Petrol Price expected to rise by Rs 15 to Rs 78 from 14.3.26 and KC Recommendations for huge savings

(i) PGEC 199 of 16.3.26 about Petrol & Diesel Price increase by Rs 49.63 & Rs 75.05 as KC predicted but Burden taken by Govt

(j) EIQC437 of 13.3.26 about Project Inflation at different POL prices and KC Views & Recommendations 

(k) EIQC 436 of 11.3.26 about February 2026 Inflation CPIU +6.8%, etc & Entity Products' Prices & Fees Re-Fixation

(l) PGEC 197 of 10.3.26 about Pakistan Significant POL Prices Increase VS 13 Countries and KC Views cum Recommendations 

E. Further Details & Services

Should you require any clarification or explanations in respect of the above or otherwise, please feel free to email Mr Amsal at amsal@kasbati.co with CC to info.kasbati@professional-excellence.com.