How did the seizure of Russia's reserves affect global treasury assets?
Replied byAaron Hoddinott
Founder & Managing Director at Pinnacle Digest
Niche: Finance
Revenue: Not Publicly Disclosed /month
Location: Calgary, Alberta, Canada
Started: 2008
Seizing Russia's reserves and cutting them off from SWIFT was a major turning point. It signaled to central banks worldwide that sovereign bonds are not risk-free reserves, driving them to diversify away from the U.S. dollar and buy physical gold.
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