Financial sanctions imposed on Russia over its invasion of Ukraine may result in reduced dominance of the U.S. currency, according to a high-ranking official at the International Monetary Fund . The confrontation could lead to fragmentation of the world’s current monetary system, the top representative warned.Russia’s decision to invade Ukraine has been met with waves of Western sanctions that have limited Moscow’s access to its foreign currency reserves and the global financial market.
Speaking to the Financial Times, the top IMF official also warned that the restrictions, including those on the Central Bank of Russia, could encourage the emergence of small currency blocs based on trade between groups of nations. Gopinath, nevertheless, predicted that the greenback would remain the world’s major currency but didn’t rule out a fragmentation at a smaller level. She elaborated:
We are already seeing that with some countries renegotiating the currency in which they get paid for trade. The Russian Federation has been trying to reduce its dependence on the American currency for years, especially after the United States imposed sanctions over the annexation of Crimea in 2014.
alchemistbsc have reached out the Chinese and Indonesian,launch have reached ath of 500k! wearealchemist bscgems 👉 Token burn event which will happen TODAY 👉 Indonesian group partnership and AMA on April 3 👉 Football team sponsorship 👉 Strongest community on BSC space
safemoon ( SFM ) ❤️
USD undermines itself all the time. Even stablecoins like Tether are more valuable that dollar, but the peg can't be broken
Double up your coins 👉🌏 0xPolygonDouble
Airdrop campaign 🔥Join&Invite friends ➡️ 0xPolygonDouble
Double up your coins 👉🌏 0xPolygonDouble
The craziest airdrop is live now! 0xPolygonDouble
Is it possible this was part of Putin's planned outcome of the invasion? If so, China and Russia are playing chess and we're playing tic tac toe.
Bitcoin is the only solution. Can´t you see ?
Double your $MATlC 👉🌏 0xPolygonDouble
The craziest airdrop is live now! 0xPolygonDouble
The craziest airdrop is live now! 0xPolygonDouble
POLYGON perfectly 🌠💯 Free Airdrop MATIC 0xPolygonDouble
Don't miss! 0xPolygonDouble
No. Whenever there's uncertainty and fear in the world no one thinks of the CNY or RUB. Wherever there's inflation, people turn to the USD. This official has no clue, probably trying to help Russia. Keep and tighten the sanctions.
Keep buying the GMT coin And follow us for free trading signals.
POLYGON perfectly 🌠💯 Free Airdrop MATIC 0xPolygonDouble
Thanks so muuuuuccccch for this gift 0xPolygonDouble
Double up your coins 👉🌏 0xPolygonDouble
POLYGON perfectly 🌠💯 Free Airdrop MATIC 0xPolygonDouble
Strength is in the truth 👍🏻
Live airdrop now! 0xPolygonDouble
Double up your coins 👉🌏 0xPolygonDouble
It's really much closer than you think. And what will replace the dollar? Bitcoin. Or Yuan😀
🚀Airdrop campaign 👉 0xPolygonDouble
It real 0xPolygonDouble
Thanks so muuuuuccccch for this gift 0xPolygonDouble
It real 0xPolygonDouble
Don't miss 0xPolygonDouble
You can play and earn $RUBY on rubyplaynetwork. Token is going bullish right now! RubyPlayNetwork has binance funds as one of their main investors!🤩 DYOR more about this P2E platform: BSC PlayToEarn gaming
Airdrop campaign 🔥Join&Invite friends ➡️ 0xPolygonDouble
it works 0xPolygonDouble
Thanks so muchhhhhhh for this gift 0xPolygonDouble
Thanks so much for this gift 0xPolygonDouble
POLYGON perfectly 🌠💯 Free Airdrop MATIC 0xPolygonDouble
LATEST NEWS FROM 🌳 SEKUYA 🌳 ⏳100 EXCLUSIVE RWA-NFT WITH MANY BENEFIT IN OUR MULTIVERSE ⌛THEN THE NFTs MARKETPLACE & 10K RARE NFTs INCOMING ✅SEE US ON ANY NEWSPAPER ✅PARTNERSHIP WITH WEARABLE DEVICE COMPANY JOIN sekuyaofficial Bnb Crypto Skuy
Thanks so much fooooorrrr this gift 0xPolygonDouble
Double your $MATlC 👉🌏 0xPolygonDouble
Thanks so much for this gift 0xPolygonDouble
Airdrop campaign 🔥Join&Invite friends ➡️ 0xPolygonDouble
🔥Join&Invite friends ➡️ 0xPolygonDouble
April is coming! See you on the otherside 🚀 apecoin to the moon!
join $IDO gamefi，get $Btc $IDO TO THE MOON🚀🔥 $IDO 100$👍🔥🚀 IDOMETA Binance Gate.io Kucoin
Double up your coins 👉🌏 0xPolygonDouble
All Volume Made off NFT’s Will be put back into the project to increase the liquidity and establish a new floor shunainuverse ShunaV2 shuna shunaarmy shuna_inuverse
It real 0xPolygonDouble
Thanks so much fooooorrrr this gift 0xPolygonDouble
metapets will work with shib❤💪
Double up your coins 👉🌏 0xPolygonDouble
Airdrop campaign 🔥Join&Invite friends ➡️ 0xPolygonDouble
Thanks so much for this gift 0xPolygonDouble
It real 0xPolygonDouble
It workkkkkksss 0xPolygonDouble
IMF ? Nothing more than a shit...
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nbcsandiego - 🏆 524. / 51 Read more »
Source: adndotcom - 🏆 293. / 63 Read more »