Q.3 How the sanctions on Russia could affect the position of the US dollar as the world’s reserve currency? (10 Marks)

Mentor’s comment- https://indianexpress.com/article/opinion/columns/why-de-dollarisation-is-imminent-us-dollar-russia-7823308/ In the intro, mention the sanctions on Russia in the wake of the invasion of Ukraine. In the body, mention the efforts by the central banks to diversify their reserves away from it to other assets or currencies like the Euro, Renminbi or gold. Also, mention the efforts by Russia and China. Also, … Continue reading Q.3 How the sanctions on Russia could affect the position of the US dollar as the world’s reserve currency? (10 Marks)