A money changer counts US dollar banknotes at a currency exchange office in Ankara, Turkey, on Nov 11, 2021.The eminence grise of Hong Kong’s banking circles has come out swinging against the United States in an unusual webinar that set a strident tone against the economy with which the city’s currency and monetary policy are linked.
“These are like capital controls or restrictions on people to use the US dollar or the international financial infrastructure. I think the Americans are getting crazier in this regard.” Biden’s administration expanded Trump’s list last August, adding 24 more companies under the investment ban. “However, if you look at the long term, I think there will be some major negative risk for the US dollar as an international reserve currency.”