In today's episode, veteran U.S. Treasury official Mark Sobel joins Tony, John, and Brendan to unpack the growing concerns around dollar dominance. The group discussed why dollar dominance is here to stay, sanctions' impact on its power, why other currencies like China's RMB don't pose a threat to the dollar's global role, as well as behind the scenes insights on why the Fed won't be making any statements on the dollar anytime soon.

Show Notes:

Mark Sobel is U.S. Chairman at the Official Monetary And Financial Institutions Forum (OMFIF). A veteran U.S. Treasury official, Mark has been at the forefront of international financial diplomacy for two decades, serving as the Treasury Deputy Assistant Secretary for international monetary and financial policy and representing the US. on the International Monetary Fund executive board. Check out his bio and Twitter.

OMFIF is an independent think tank for central banking, economic policy and public investment, providing a neutral platform for public and private sector engagement worldwide.

OMFIF: Website and Twitter
Mark Sobel's Article: Russia sanctions, the renminbi and the dollar’s future: The Red Herring Returns

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