Weaponisation of Money and Payments

What is it about?

Financial sanctions, the weaponization of money and payments, will likely dilute the dominance of the US Dollar as an anchor in international monetary relations and can result in a more fragmented international monetary system. For countries that want to avoid sanctions, the emergence of regional currency blocs and payment systems facilitating trade between countries (Russia, China, Saudi Arabia, India) will lead to a bipolar or multipolar system, challenging the facto hegemony of the US Dollar and the de facto monopoly of SWIFT.

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Why is it important?

We need a system of global governance with regard to sanctions.