Yuan Rises in Global Influence Against Greenback
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Yuan Rises in Global Influence Against Greenback
US Treasury Secretary Yellen admits US sanctions risk hurting dollar hegemony
By: Toh Han Shih
In a recent interview, US Treasury Secretary Janet Yellen said the US deployment of sanctions risks hurting the world dominance of the US dollar. Recent events show the risk is fast becoming reality. On April 17 at the Council of Foreign Relations in New York, the European Central Bank President Christine Lagard…
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