李月芬：我曾告诫一些非洲国家，大量借款时要小心(21)

We know that the European union tried to set up another clearing system (INSTEX). It has gone to certain stages, developed for several years. But, from what I read, largely owing to resistance from the United States, they have stopped this initiative, anyways I haven"t seen any progress going on.
On the whole, you need also to have other financial infrastructure in order to materialize the de-dollarization. That would take time to develop. And most importantly, there is the United States. I don"t see the US viewing this positively, and there is huge political resistance and material resistance in various ways. I don"t want to mention what ways, you can think about that, and you know they exist.
I see it as something that we should work on very hard together, and I also see tremendous challenges. I hope experts, countries would also take into consideration of the needed infrastructure in order to allow the de-dollarization to happen. That requires a lot of work and also requires a lot of financial resources, a lot of human resources, and a lot of expertise. Let’s hope countries can work together and overcome various kinds of resistance. It won"t be an easy job, but it doesn"t mean that it will not happen. We should aim for the long term, because it would really take years. It won"t happen next year certainly.