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Sanctions & the Dollar
Hallinan, Conn
http://www.counterpunch.org/2014/08/27/sanctions-the-dollar/Date Written: 2014-08-27 Publisher: CounterPunch Year Published: 2014 Resource Type: Article Cx Number: CX16710 The recent round of sanctions aimed at Moscow over the crisis in the Ukraine could backfire on Washington by accelerating a move away from the dollar as the world’s reserve currency. While in the short run American actions against Russia’s oil and gas industry will inflict economic pain on Moscow, in the long run the U.S. may lose some of its control over international finance. Subject Headings |