Oct 14, 2021
The dollar’s status as the world’s reserve currency is being undermined by the weaponizing of sanctions and uncontrolled printing, according to the Russian leader.
Speaking to CNBC, Putin observed that the US is ‘making a very big mistake by using the dollar as a sanctions instrument,’ clearly wary of the current utilization of the States’ currency.
He went on to note that, if America’s sanctioning use of the currency continues, ‘the US will itself undermine confidence in the dollar,’ adding that ‘for the first time, probably in history, inflation in the United States is growing at a rate that has not happened for a long time.’
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