IMF’s Georgieva: Don’t see alternative to US Dollar any time soon

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“De-dollarization isn’t on top of my worry list,” International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva said on Monday and added that the doesn’t see an alternative to the US Dollar any time soon.

“There may be more vulnerabilities exposed in the banking sector,” Georgieva warned and further noted that they will see a quite a lot of regulatory and disclosure thinking in the wake of the banking crisis.

Market reaction

The US Dollar preserves its strength in the American session and the US Dollar Index was last seen rising 0.5% on a daily basis at 102.15.