The dollar won’t be threatened by a multipolar geopolitical order, think tank expert says

• 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.

Geopolitical fragmentation does not immediately guarantee the breakdown of dollar dominance, a senior fellow at the Atlantic Council wrote in Project Syndicate.

Although de-dollarization efforts may well be taking form among countries such as Russia and China, Carla Norrlöf said that the importance of the greenback will largely be governed by economics, not international relations.