US Treasury Secretary Jeannette Yellen said it would be difficult for Russia and China to create an alternative to the dollar. TASS.
“I absolutely want the dollar to remain the world’s reserve currency. Russia and China were motivated to develop a different system that would prevent the use of the dollar. However, this is something that is extremely difficult to achieve. Despite various attempts to create various systems to undermine the dollar, I have confidence that the dollar will remain the world’s reserve currency for a long time to come,” Yellen said.
Former New York Post columnist Jay Newman knowledgeableBecause of Russia, the United States Fed will no longer print dollars indefinitely.
Newman counted more than a hundred countries that do not support anti-Russian restrictions. As a result of the sanctions policy, economic coalitions were formed that used other currencies to sell goods.