Countries May Cut Dollar Holdings After Russian Reserves Frozen – IMF

Russia has condemned the United States and its allies of attempting to orchestrate a false default, despite the fact that the nation has the funds to pay its bills. This might ultimately lead to many countries cutting dollar holdings after Russian reserves were frozen, according to the IMF.

The deputy chief of the International Monetary Fund, Gita Gopinath, said on Tuesday that worldwide economies would reconsider how safe it is to depend on the US dollar in their foreign currency reserv...

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