Countries may want to diversify away from the U.S. dollar: Think tank


The U.S. has been “extremely trigger-happy” with stinging economic measures, and central banks may decide to diversify their portfolio of foreign reserves instead of relying heavily on the U.S. dollar, according to the co-director of the Institute for the Analysis of Global Security.

“Central banks are beginning to ask questions,” said Gal Luft of the Washington-based think tank, adding that they are wondering if reliance on the dollar and “putting all their eggs in one basket” is a smart idea.

“The United States has extended itself, has been extremely trigger-happy when it comes to the use of sanctions and other economic punishments,” he said.

The White House did not respond to a CNBC…


0 0 votes
Article Rating

China property developers, Evergrande, can’t release earnings on time

Previous article

The Routing Company lets you hail a ride on public transit

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Energy