Geopolitics won't diminish the dominance of the US dollar, the Atlantic Council's Carla Norrlöf wrote. Though sanctions have discouraged dollar reserves, they also may prompt them to grow. Meanwhile, talk of a rising multi-polar world order are confusing and imprecise. But, what often gets overlooked is that the conditions that prompted these sanctions can also induce a diversification into dollars, Norrlöf wrote. Even if these efforts were enough to crash the dollar's unipolar hold on trade, Norrlöf further points out that there is very little consensus on what would actually follow.

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Persons: Carla Norrlöf, Norrlöf's, —, Norrlöf Organizations: Service, Atlantic Council, Project Syndicate Locations: Wall, Silicon, Russia, China, Ukraine