From media
The ongoing US-Israel-Iran conflict could mark a historic inflection point for the global monetary system, potentially accelerating the erosion of the US dollar’s dominance in energy trade and international reserves, according to a new report by Deutsche Bank.
In a sharply worded note, strategist Mallika Sachdeva warned that the war may become “the perfect storm for the petrodollar,” threatening the decades-old system that has underpinned the dollar’s global supremacy.
“The long-term legacy of the Iran conflict for the dollar could be the way it tests the foundations of the petrodollar regime,” Sachdeva wrote, cautioning that deeper fractures could have “significant downstream effects” on global trade, savings, and reserve currency dynamics.
https://www.firstpost.com/business/iran-war-may-fracture-dollar-dominance-trigger-petroyuan-shift-deutsche-bank-13993184.html
No comments:
Post a Comment