Article
Source: World Today
Article
09.03.20
In an article in the Chatham House's World Today, Pillsbury London-based Public Policy partner Matthew Oresman warns that a weaponized dollar might endanger the currency’s safe haven status.
“From a short-term perspective, the coronavirus pandemic has underscored the preeminence of the U.S. dollar. A safe haven in otherwise choppy economic waters, central banks and investors have rushed to buy up ever-increasing amounts of the currency. While the dollar is still king, there are increasing risks that United States’ foreign policy could unintentionally cause an alternative currency to gain traction. The ubiquity of the dollar has been exploited by successive administrations to put pressure on states through coercive economic measures.”
Read Oresman’s full take here.