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Why US economic sanctions often fail
Dollar & Sense: The Brookings Trade Podcast
The Prospects for the Chinese Currency to Compete With the Dollar
There's been a discussion about the potential for China's currency to supplant the US dollar. As long as there are capital controls in China, this prospect is not a realistic one says Peter Bergen. He thinks after regional liberalization of the Chinese currency, we could have an emergence of a fragmented financial landscape. But that means countries and also groups involved in clandestine, nefarious legal activities, such as nuclear proliferation, will have the ability to escape Western financial channels said Bergen.
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