Anti-Russia sanctions may weaken the US dollar – IMF ...News

The restrictive measures could propel the formation of smaller currency trade deals Sanctions against Russia could undermine the global dominance of the US dollar, according to Gita Gopinath, the first deputy managing director of the International Monetary Fund. “The dollar would remain the major global currency even in that landscape but fragmentation at a smaller level is certainly quite possible,” Gopinath said in an interview with the Financial Times on Wednesday. She added that some countries are already renegotiating the currency in which they are paid for trade. Russia and India are currently preparing a ru

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