Global Times: Yellen admits sanctions could impact US dollar dominance as concerns mount over dollar hegemony

When US Treasury Secretary Janet Yellen on Tuesday testified before the House Financial Services Committee, she said that one of her concerns is how best to protect the international status of the US dollar as US financial sanctions have pushed more countries seek alternative financial transaction methods that do not involve the US dollar, VOA reported.

The remarks from Yellen have shed light on growing concerns regarding US dollar hegemony. 

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