US Treasury Secretary Yellen Affirms US Dollar as Primary Reserve Currency
Thursday, 21 March 2024, 22:08
US Treasury Secretary Yellen's Stance on the US Dollar
During her testimony before the US Congress, Yellen firmly advocates for the US dollar to maintain its prominent position as the primary reserve currency.
Importance of Dollar's Reserve Currency Status
- Stability: Yellen stresses the stability the US dollar brings to global financial markets.
- Sanctions Support: The dollar's role enhances the efficacy of US sanctions.
Yellen's assertion regarding the minimally challenged status of the US dollar resonates well within financial discussions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.