Dollar could suffer if U.S. walks away from Iran deal: Kerry
NEW YORK (Reuters) - If the United States walks away from the nuclear deal struck with Iran last month in Vienna and demands that its allies comply with U.S. sanctions, the dollar may soon cease to be the world's reserve currency, the top U.S. diplomat said on Monday.
"If we turn around and nix the deal and then tell them, you're going to have to obey our rules and sanctions anyway, that is a recipe, very quickly .... for the American dollar to cease to be the reserve currency of the world," U.S. Secretary of State John Kerry said at a Reuters Newsmaker event.
He added that it would be impossible for Iran, under the nuclear agreement between Iran and major powers, to create a secret program for developing atomic fuel without the United States being able to detect it.
(Reporting by Louis Charbonneau, Michelle Nichols and Warren Strobel)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Futures falter as Meta Platforms weighs on megacaps
- Harley-Davidson quarterly profit falls on slow demand
- Royal Caribbean lifts profit view on record cruise demand, higher prices
Create E-mail Alert Related Categories
Forex, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!