US dollar. File photoMOSCOW, March 16Economist Henrik Muller, in a column for Spiegel, said that the dollar could lose its position as the world's main currency. According to the expert, three factors at once cast doubt on the future of the US currency. As Muller explains, dollar inflation can seriously shake the world's confidence in the value of the US currency. He recalled that the rise in prices in the United States amounted to 8 percent, and now the further development of the situation depends on the actions of the Fed. Anti-Russian sanctions may also negatively affect the dollar. «The most formidable weapon in the arsenal of anti-Russian sanctions is the freezing of Moscow's foreign exchange reserves in other central banks. To such a step has not yet been resorted to on a comprehensive scale.If, as a result of such treatment of money by sovereign Russia, there are fears that Washington could confiscate the foreign exchange assets of other countries at any moment, such a breach of confidence will seriously harm the dollar,» Mueller said. is also rapidly changing the balance of power in the financial market, leading to the formation and strengthening of new blocs of sovereign countries with fragmented financial markets to replace the US-promoted global financial institutions, the economist stressed. And these changes could also have an impact on the foreign exchange market, Muller said. Russia launched a military operation in Ukraine on February 24. President Vladimir Putin called its goal «the protection of people who have been subjected to bullying and genocide by the Kiev regime for eight years.» For this, according to him, it is planned to carry out «demilitarization and denazification of Ukraine», to bring to justice all war criminals responsible for «bloody crimes against civilians» in Donbass. In response, Western countries have imposed another anti-Russian sanctions since 2014. As the presidential press secretary Dmitry Peskov said earlier, the restrictive measures are very serious, but Russia was preparing for them in advance. He added that they require analysis and coordination of departments in order to develop response measures that are in line with Moscow's interests. /2022/03/501ef06828fb8e45d51e8c2e2298e701.jpg» />The Central Bank will change the procedure for calculating the dollar to ruble exchange rate
