IMF Weighs on Post-Dollar Era

The Chief Economist of the International Monetary Fund affirmed that the US dollar still dominates global trade and banking transactions, despite the shifts in trade flows following the unilateral tariffs imposed by U.S. President Donald Trump. He explained that the stability of the dollar prevents the de-linking of the American currency, with gold prices rising due to investment choices in the metal rather than a loss of its dominance. He also clarified that the current changes are minor and do not threaten U.S. control over the global financial system.

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