Europe Warning: Iran Sanctions Threaten US Dollar Dominance

Credit: Pete Linforth

(From The Washington Examiner)

European diplomats are warning that enhanced U.S. financial sanctions against Iran run the risk of forcing the rest of the world to create alternative banking systems that could undermine the long-time dominance of the U.S. dollar.

The issue has come up as the Trump administration considers aggressive sanctions aimed at expelling Iran from the international banking system.

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