Janet Yellen dispels doubts, praises dollar’s indispensability
Channel: Crypto News Today | CNT
Date: 2023-06-19

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U.S. Treasury Secretary, Janet Yellen, has defended the supremacy of the U.S. dollar in global economics, dismissing efforts by other countries, including China, to circumvent the dollar's role.
Yellen acknowledged the growing trend of countries looking for alternative reserve currencies to rival the greenback, which is mainly motivated by their desire to evade U.S. sanctions.
The move towards alternative currencies comes amid increased calls for a global economy less reliant on the dollar, with some countries opting to use their own currencies for cross-border transactions.
#ustreasury #yellen #cryptonewstoday

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