Investing.com – The move by U.S. authorities to confiscate Russian assets could add to recent efforts to diversify from the dollar, but the greenback is still likely to remain the global reserve currency for the foreseeable future, according to Wells Fargo.
Is the dollar’s role as reserve currency in question?
The United States and its allies prohibited transactions with Russia’s central bank and finance ministry and blocked about $300 billion of sovereign Russian assets in the West, following Russia’s invasion of Ukraine.
Ramping up the potential punishment, the U.S. House of Representatives passed a bill late…
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