US foreign policy undermining reliability of dollar, Russia warns, as Moscow contemplates new rival to Western payment systems ...News

A top Russian diplomat has warned that the US dollar is becoming an increasingly risky currency on which to base global financial transactions, because Washington is linking its currency more and more to its foreign policy aims. Deputy Foreign Minister Alexander Pankin told RIA Novosti that recent events have undermined faith in the greenback overseas. The imposition of sanctions and an unpredictable economic policy, he claimed, “call into question the reliability and convenience of using the American currency as the priority currency of deals.” Instead, the minister said, states are now being “forced to take measures against the risk

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