The freezing of Russia’s foreign reserves has undermined trust in the greenback, Goldman Sachs

The freezing of Russia’s foreign reserves has undermined trust in the greenback, - Goldman Sachs

The US dollar is dealing with some of the same challenges that the British pound faced in the early 1900s, before it went into decline, Goldman Sachs said in a research note released on Thursday. The Wall Street bank warns that the greenback could lose its global dominance.

According to the research seen by Business Insider, the move by Washington and its allies to freeze much of the Russian Central Bank’s foreign currency reserves has raised concerns that countries could start moving away from the dollar. Analysts explained the risk as due to worries about the power the dollar grants the US.

#Russia #reserves #GoldmanSachs #news #Business #US #greenback #foreign #gas

The freezing of Russia’s foreign reserves has undermined trust in the greenback Goldman Sachs The freezing of Russia’s foreign reserves has undermined trust greenback gold gold and silver silver silver bullion money hidden secrets of money freezing of Russia’s foreign reserves foreign exchange gold reserves in russia oil reserves in russia russia how modern day russia economy works modern day russia economics russia sanctions russia foreign currency reserves gas