US Warns Russia And China Over Dollar Alternative

• US Warns Russia And China Over Dollar Alternative
  by https://www.rt.com/
  The greenback will remain the world’s reserve currency, Treasury Secretary Janet Yellen has predicted
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  Russia and China will face substantial difficulty in their efforts to create an alternative to the US dollar in international trade, American Treasury Secretary Janet Yellen claimed on Thursday.
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  Russia is conducting a rapid withdrawal from transactions in “unfriendly” currencies, against the backdrop of expanding EU and US sanctions. As part of the move, Moscow has shifted away from the dollar towards the ruble and local currencies in settlements with major trade partners such as China and India.
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  “I certainly want to see the dollar remain as the world’s reserve currency, and there is a motivation that Russia and China have to try to develop another system that avoids the use of the dollar,” Yellen said at a hearing of the US House of Representatives Appropriations Subcommittee. The Treasury official claimed it would be “tremendously difficult” for Moscow and Beijing to achieve their aims. 
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