The US is “very pleased” with strong economic measures, and major banks may decide to diversify their foreign exchange portfolio instead of relying too much on the US dollar, according to the executive director of the Institute for Global Analysis. Security.
“The big banks are starting to ask questions,” said Gal Luft of the Washington-based think tank, adding that they wonder if relying on the dollar and “putting all their eggs in one basket” is a wise idea.
“The United States is very open and very happy when it comes to the use of sanctions and other economic sanctions,” he said.
Luft said the US had taken “unacceptable and unreasonable measures” in recent weeks, such as successfully replenishing Russia’s central bank reserves and removing Russia from its central banking system, SWIFT.
The whole picture is not good because we get today a heart attack over a heart attack.
He said one in 10 countries in the world is subject to some form of US sanctions.
“That has a growing effect and as a result, we are seeing the dollar gradually playing a role with the portfolios of major banks,” Luft said.
His comments come in the wake of a report by the Wall Street Journal stating that Saudi Arabia is in a hurry to negotiate with China for a yuan in exchange for Beijing oil dollars.