The US-dominated International Monetary Fund warns of an “erosion of dollar dominance,” noting use of Chinese yuan in global central bank reserves is increasing, while Western sanctions on Russia could strengthen other currencies.
IMF Admits US Dollar Hegemony Declining, due to Rise of Chinese Yuan, Sanctions on Russia
Tag: international reserves
The IMF won’t let Venezuela access its share of new SDRs
The IMF won’t let Venezuela access its share of new SDRs
Some Republicans in Congress, including Senators Pat Toomey and John Kennedy, have urged U.S. Treasury Secretary Janet Yellen to oppose the creation of the reserves, saying they would reward Maduro, among other U.S. adversaries.
Ms. Cat’s Chronicles 
You must be logged in to post a comment.