Washington’s use of active sanctions against some states has negatively affected the position of the American currency in the global economy. According to the German edition WirtschaftsWoche According to economist Herbert Dieter, the US is increasingly using the dollar as a tool of political pressure.
The harsh sanctions against Russia and Iran have forced many countries and large companies to think about the risks of payments in US currency. They are starting to use other currencies more actively for fear of a possible block of funds.
According to experts, this negatively affects the status of the dollar as the world’s main reserve currency. At the same time, the positions of alternatives are increasing – euro, yuan, pound.
But the Indian rupee has the greatest potential, according to Dieter. The rupee could become the leading currency of the regional currency if India maintains strong economic growth and consistent off-bloc position.
Experts warn that geopolitical tensions will continue to affect currency relations. This could further reduce the dollar’s role in global financial markets.
in Congress later this week. appreciated The impact of the BRICS on the American economy.
It was previously known that the share of the dollar in international payments was clear in July. grew up until the records.