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The IMF says the sanctions and freezing of Russian funds, has sent the wrong message to countries, which fear the US will sanction them if they no longer conform to its rules, and have started to flee the Dollar, which will accelerate the sinking of the USDollar.
Countries are dropping the reserves in Dollars in their central banks.
The dropping of the reserves in USD were already down in February and this war and sanctions have only increased the USD decline which will only increase the fleeing from the Dollar.
As the decline continues, not only countries, but Corporations and people will drop the Dollar and get their savings into Yuan and Rubles away from the Euro and USDollars, creating a cycle in which the Dollar returns home, bringing with it, inflation that has not been consumed by anyone, returning such inflation home. Thus, we will see inflation increase in Europe and the US, by leaps and bounds.
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AC