Dr. Hamid Malakpour was interviewed by U.S. News & World Report to share expert insight on the growing de-dollarization movement and what it could mean if the U.S. dollar were to lose its global reserve status.
His direct quote and link to article is below:
Dr. Hamid Malakpour, professor and interim dean of Malcolm Baldrige School of Business at Post University, says the recent U.S. actions to overthrow the Nicolas Maduro regime in Venezuela may ultimately help support the dollar’s reserve currency status. “Venezuela’s large oil reserves returning to global markets can increase supply, reduce oil prices and ease inflationary pressure,” Malakpour says. “Additionally, re-engagement creates an opportunity to bring oil trade back into dollar-based settlement, which supports, rather than weakens, the dollar’s global role.”
