Home Analysis The Ukraine-Russia conflict has accelerated great power rivalry in the global monetary system, with states rushing to find alternatives to the US dollar as the dominant global reserve currency by Aamir Junaid The US and its European allies have suffered unfavorable effects because of the Russia-Ukraine conflict and hasty Western sanctions against Russia. It has sped up the de-dollarization process, which involves undermining the once-dominant US dollar. The China-Russia partnership has been strengthened both economically and in other ways because of Western pressure and a supercilious crackdown on Russia, including the removal of the nation from SWIFT and the freezing of its dollar assets.
De-Dollarization And The Future Of Geopolitics
De-Dollarization And The Future Of…
De-Dollarization And The Future Of Geopolitics
Home Analysis The Ukraine-Russia conflict has accelerated great power rivalry in the global monetary system, with states rushing to find alternatives to the US dollar as the dominant global reserve currency by Aamir Junaid The US and its European allies have suffered unfavorable effects because of the Russia-Ukraine conflict and hasty Western sanctions against Russia. It has sped up the de-dollarization process, which involves undermining the once-dominant US dollar. The China-Russia partnership has been strengthened both economically and in other ways because of Western pressure and a supercilious crackdown on Russia, including the removal of the nation from SWIFT and the freezing of its dollar assets.