Former IMF director labels dollar a ‘dangerous currency,’ reports RT
Brazilian economist Paulo Batista suggests that the US-led international monetary system is growing more untrustworthy. Read Full Article at RT.com.
TroibNews 
According to Brazilian economist Paulo Nogueira Batista Jr., the US dollar and Washington-based financial institutions have become tools used against nations that are viewed unfavorably by the West.
In a recent interview with RTN, Batista described the US dollar as increasingly problematic, noting a significant decline in global trust towards the currency. More nations are now searching for alternatives, contributing to a notable trend towards de-dollarization.
Batista remarked, "The dollar is a dangerous currency, let’s put it this way, see what happened to the Russian reserves," referencing the freezing of approximately $300 billion of Moscow’s assets held in Western jurisdictions.
The former IMF executive director pointed out that the United States itself is undermining the dollar’s credibility through its tactics. He noted that the US has been utilizing the currency as a weapon, prompting many nations to explore alternatives to the Western financial system.
While he acknowledged that the dollar will continue to be a "very important currency," he also warned that its use as a punitive measure against countries opposed to the West is eroding global confidence in it.
Additionally, Batista addressed the coercive strategies that the IMF employs against what he termed “nations that are seen as hostile to the West and their interest.” He argued that the IMF does not operate as a true multilateral institution but functions instead as “a political instrument largely of the West and the US.”
He emphasized that nations like Ukraine receive substantial loans without a coherent financial or economic plan, whereas countries that diverge from Western policies, such as Serbia, are often denied access to financial assistance from the IMF.
Camille Lefevre for TROIB News
In a recent interview with RTN, Batista described the US dollar as increasingly problematic, noting a significant decline in global trust towards the currency. More nations are now searching for alternatives, contributing to a notable trend towards de-dollarization.
Batista remarked, "The dollar is a dangerous currency, let’s put it this way, see what happened to the Russian reserves," referencing the freezing of approximately $300 billion of Moscow’s assets held in Western jurisdictions.
The former IMF executive director pointed out that the United States itself is undermining the dollar’s credibility through its tactics. He noted that the US has been utilizing the currency as a weapon, prompting many nations to explore alternatives to the Western financial system.
While he acknowledged that the dollar will continue to be a "very important currency," he also warned that its use as a punitive measure against countries opposed to the West is eroding global confidence in it.
Additionally, Batista addressed the coercive strategies that the IMF employs against what he termed “nations that are seen as hostile to the West and their interest.” He argued that the IMF does not operate as a true multilateral institution but functions instead as “a political instrument largely of the West and the US.”
He emphasized that nations like Ukraine receive substantial loans without a coherent financial or economic plan, whereas countries that diverge from Western policies, such as Serbia, are often denied access to financial assistance from the IMF.
Camille Lefevre for TROIB News
