US sanctions may lead to dollar’s demise, Russian central bank warns

The greenback

The greenback may fall victim to Washington’s sanctions, as these policies force global players to ditch the US dollar and switch to national currencies in trade, according to the Central Bank of Russia (CBR).

“Active use of the sanctions regime by the US administration in recent years is something that seriously undermines the reliability of the dollar as means of savings and payments,” CBR Deputy Chairman Aleksey Zabotkin said as cited by Russian media on Wednesday.

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