The Humbling of the Once Almighty Dollar
dollarIran warglobal financeUS economyChinayuanCIPSSWIFTsanctions
Author: paulpauper
Date: 6/29/2026
Article Summary:
Paul Krugman argues that the US dollar's dominance in global finance has been weakened due to the Iran war, making it easier for other nations to bypass the dollar-centered world payments system.