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US Sanctions May Risk Hegemony of US dollar, Says Treasury Secretary Yellen

Economic sanctions imposed on Russia and other countries by the United States put the dollar's dominance at risk as targeted nations seek out an alternative, Treasury Secretary Janet Yellen said Sunday. Yellen noted that sanctions are an "extremely important tool," all the more so when used by the United States and its allies as "a coalition of partners acting together to impose these sanctions." ....

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