By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Geopolist | Istanbul Center for GeopoliticsGeopolist | Istanbul Center for GeopoliticsGeopolist | Istanbul Center for Geopolitics
  • Home
  • Geopolitics
    Geopolitics
    Discover professional insights into international relations, regional conflicts, and global power dynamics by visiting Geopolist. Keep up on the ways in which these changes impact…
    Show More
    Top News
    Operation Spiderweb: The Death of Strategic Depth in the Drone Age
    June 2, 2025
    The End of Vertical War: Operation Spiderweb and the Rise of Horizontal War-Making
    June 3, 2025
    A map of Israel and Lebanon showing large numbers of strikes by Israel and Hezbollah near the border since October 7, 2023
    Understanding the Impact of Growing Hezbollah-Israel Tensions and the Gaza Conflict on Lebanon
    April 13, 2025
    Latest News
    US Envoy: Israel-Iran Conflict Opens ‘New Road’ for Middle East — with Turkey at the Center
    June 30, 2025
    Bombs, Bluster, and No Radiation: The Sham Optics of the U.S. Attack on Iran
    June 24, 2025
    Netanyahu’s Endless Nuclear Alarm: Why Bomb Iran Now, After Years of Empty Warnings?
    June 21, 2025
    How a Regime Change in Iran Could Strengthen Turkey—and Complicate Israel’s Future
    June 20, 2025
  • Security
    SecurityShow More
    Caught in the Crossfire: Iraq’s Air-Defence Puzzle
    June 10, 2025
    Operation Spiderweb: The Death of Strategic Depth in the Drone Age
    June 2, 2025
    Canada Seeks Entry Into EU Defense Pact After Trump Missile Demand
    May 29, 2025
    SAFE Plan Puts Turkey’s EU Role Back in Spotlight
    May 28, 2025
    The Fracturing Nuclear Order and the Uneasy Dawn of a Third Nuclear Age
    April 25, 2025
  • Commentary
    CommentaryShow More
    Bombs, Bluster, and No Radiation: The Sham Optics of the U.S. Attack on Iran
    June 22, 2025
    Netanyahu’s Endless Nuclear Alarm: Why Bomb Iran Now, After Years of Empty Warnings?
    June 21, 2025
    How a Regime Change in Iran Could Strengthen Turkey—and Complicate Israel’s Future
    June 19, 2025
    Is Trump’s “Let Them Fight” Strategy Shaping U.S. Policy in the Iran-Israel Crisis?
    June 14, 2025
    Caught in the Crossfire: Iraq’s Air-Defence Puzzle
    June 10, 2025
  • Economy
    • Energy
  • Regions
    • Europe
    • Middle East & Africa
    • Eurasia
  • Jobs
  • My Bookmarks
Reading: The “Weaponisation” of Money: Risks of Global Financial Fragmentation
Share
Notification Show More
Font ResizerAa
Geopolist | Istanbul Center for GeopoliticsGeopolist | Istanbul Center for Geopolitics
Font ResizerAa
  • Home
  • Geopolitics
  • Security
  • Commentary
  • Economy
  • Regions
  • Jobs
  • My Bookmarks
  • Home
  • Geopolitics
  • Security
  • Commentary
  • Economy
    • Energy
  • Regions
    • Europe
    • Middle East & Africa
    • Eurasia
  • Jobs
  • My Bookmarks
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Geopolist | Istanbul Center for Geopolitics > Blog > Commentary > The “Weaponisation” of Money: Risks of Global Financial Fragmentation
CommentaryEconomyGeopolitics

The “Weaponisation” of Money: Risks of Global Financial Fragmentation

Last updated: August 12, 2024 2:09 am
By GEOPOLIST | Istanbul Center for Geopolitics Published June 30, 2024 431 Views 2 Min Read
Share
SHARE

Summary by Geopolist | Istanbul Center for Geopolitics

This article from the Istituto Affari Internazionali examines the geopolitical implications of Western countries freezing Russia’s foreign currency reserves in response to its invasion of Ukraine. This action has prompted increased central bank gold purchases and a shift towards using the renminbi in trade. Future developments in Fintech and Central Bank Digital Currencies could further fragment the global financial system, challenging the dominance of the US dollar and setting precedents affecting central bank reserve sovereignty in a multipolar world.

For more details, read the full article here.



Authors:
Jennifer Johnson-Calari Arnab Das & Franco Passacantando

In response to the Russian invasion of Ukraine, Western countries decided to freeze Russia’s foreign currency reserves and are now considering whether to use these reserves for supporting Ukraine. Markets and states have reacted to these measures in several ways. Central bank purchases of gold have reached levels not seen in the past 25 years. There has also been an acceleration in the use of the renminbi instead of western currencies as payment medium in trade. In the future Fintech developments could reduce the transparency of the global payment network and development of Central Bank Digital Currencies’ platforms could offer a local currency alternative to a dollar-based payments system. The measures taken today on sovereign immunity of central bank reserves could set an important precedent that will have implications for a future multipolar world.

 iaip2420.pdf

Source: Istituto Affari Internazionali

Source link

You Might Also Like

US Envoy: Israel-Iran Conflict Opens ‘New Road’ for Middle East — with Turkey at the Center

Bombs, Bluster, and No Radiation: The Sham Optics of the U.S. Attack on Iran

Netanyahu’s Endless Nuclear Alarm: Why Bomb Iran Now, After Years of Empty Warnings?

How a Regime Change in Iran Could Strengthen Turkey—and Complicate Israel’s Future

Is Trump’s “Let Them Fight” Strategy Shaping U.S. Policy in the Iran-Israel Crisis?

Share This Article
Facebook Twitter Email Print
Previous Article Hands holding a tablet device and scrolling on a generic app How Artificial Intelligence Might Affect Decision making in a National Security Crisis
Next Article International partners fall short in supporting Southeast Asia energy transition
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

TwitterFollow
YoutubeSubscribe

Latest News

Iran Claims Victory in Blocking Controversial Zangezur Corridor Project
Eurasia Geopolitics
Caught in the Crossfire: Iraq’s Air-Defence Puzzle
Commentary Defence Technology Geopolitics Middle East & Africa
Caught in the Heat: How Egypt’s Energy Dreams Turned Into a Strategic Trap
Commentary Energy Geopolitics Middle East & Africa
The End of Vertical War: Operation Spiderweb and the Rise of Horizontal War-Making
Commentary Geopolitics

Find Us on Socials

© GeoPolist. All Rights Reserved.
  • Submit an Op-Ed
  • Jobs
  • Post Jobs & Ads for Free
Welcome Back!

Sign in to your account

Lost your password?