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Janet Yellen, former U.S. Treasury Secretary, stated that the dollar has always been and will remain the reserve currency. She also mentioned that there is no broad-based move away from the U.S. dollar. In response, Trump expressed his support for maintaining the dollar as the choice currency and preventing countries from moving away from it.
🚨 TRUMP COMMENTS ON 'DE-DOLLARIZATION' "And I'm very much a traditionalist. I like staying with the dollar. You know that from when l was there. Make the dollar the choice. I hate when countries go off the dollar. I would not allow countries to go off the dollar because when… https://t.co/nQigwQVA7q
Trump's warning about increasing the dollarization trend globally: I hate that countries leave the dollar, I don't allow countries to leave (equation with the dollar), because when we fail to standardize this currency, it will be like losing a revolutionary war, this will… https://t.co/3aE0T7jzKu
⚠️ JUST IN: *YELLEN: THERE IS NO BROAD-BASED MOVE AWAY FROM THE U.S. DOLLAR $USD 🇺🇸🇺🇸 https://t.co/m7QADS6nV8