Correct. It's more than that: price discovery. Besides the dollar being abandoned, price discovery has ben a huge problem due to fraud. It remains to be seen if price discovery becomes available with de-dollarization. The us dollar has been problematic in many areas: no assets backing it, no price discovery, counterfeiting and just poor monetary policy.

using "local" currency for payments has an additional benefit of "forcing" an exchange of good/services between the two counties involved

this is good since it will push for a more balanced evaluation of loans and money being pushed around

it will also severely lower the power of the IMF, where money is used to enslave people