Economy / FinanceEuropeNorth AmericaRussia

Russia Sanctions Likely to Dilute U.S. Dollar’s Dominance, IMF says

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Russia’s attack on the U.S. Dollar more insurgency than war

Sanctions imposed by Western countries against Russia could lead to fragmentation of the global financial system and dilute the U.S. dollar’s dominance in it, Gita Gopinath, the IMF’s first deputy managing director has warned.

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