The decision by the Trump administration to withdraw from the Iran deal and to amplify its sanctions regime against Iran has demonstrated how a relatively unused and untested tool available uniquely to the US: the dollar as a currency, together with the infrastructure of the global payments system, is being weaponised.
Read the online edition:
The Weaponisation of the Dollar: Policy Options for Small Countries
Download the PDF:
The Weaponisation of the Dollar: Policy Options for Small Countries
About the author:
Julius Sen is Senior Programme Adviser at LSE IDEAS. Prior to joining, Julius designed and delivered executive education programmes for private sector companies and for senior civil servants from the UK, Taiwan, Kazakhstan, Hong Kong, Libya, Thailand and Spain within LSE Enterprise. He also taught courses at Birkbeck College on the WTO and on the political economy of developing countries.
He has contributed extensively to projects that evaluate the policy and regulatory implications of commercial developments, including technological change and innovation; and on the commercial implications of policy and regulatory decisions taken by governments, regulators and international institutions.
A member of the Indian Administrative Service for almost 30 years, Julius is now part of the International Trade Policy Unit in the department of International Relations. He is a special adviser to the professional public affairs body FIPRA.
He was appointed Honorary Professor of Public Administration by the Academy of Public Administration under the President of Kazakhstan.