Think about what will happen if the American leaves the IMF

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The head of the writer Mossavar-Rahmani, Harvard Kennedy School and Government and Governmental School, Secretary of Secretary of International Affairs of the US Treasury

Donald Trump has already received the United States from the Paris Climate Agreement and the World Health Organization. The IMF next?

The project 2025, controversial and radical policy, controversial and radical policy manifesto for a second trump term that contemplates by the Husband Foundation, provided withdraw from the fund. The authors claim that the IMF supports economic theories and policies that are inimitic in the free market and the free market and American principles.

Withdrawing from the fund would be an important goal. If he did it, the United States would lose the whole impact on the policy and operations of the IMF. The more importantly, withdrawal reduces the international role of the US dollar.

The wide part of the IMF operations is carried out in dollars; Most IMF borrowers require dollars and pay for the dollar. If the dollar does not come from the Fund for the Fund, other members provide them from their resources.

In the last four years, the international demand for the foundations decreased by 5.6 percent. If the United States exits from the Fund, this trend would be accelerated. Does the dollar to be used by the Fund and want to activate a currency in which a country provided by a country that a country giving an international financial responsibilities?

Today, the IMF has a multicultural structure, although it works with the dollar. Other large currencies such as China and the EU will be pleased to inherit the special status of the dollar.

For example, consider the IMF special drawing rights, an international reserve asset with addition to member countries. The dollar has the largest weight (43 percent) in the basket of five currencies that evaluates the SDR. Currency, Europe, Japan and England are followed by the next largest weight. If the United States is withdrawn from the IMF, the dollar would have to be removed from the assessment of the SDR, because only members can enter the currencies.

The United States’s ABF leadership will be placed in the Abd, China for the biggest weight in the basket. At the same time, the US IMF is likely to get the disproportionate part of the current sharing of voting and turning the Fund’s headquarters to China.

The United States would not only pour an international reputation from the IMF, which will lose one channel to provide financial assistance to the countries that want to support. Critics are thinking about the IMF’s policies that they have taken shortcomings, the United States would no longer have a goal.

Withdrawal from the IMF, the main protection provider of the world’s status is the main protective provider, Stephen Miran, Stephen Miran wanted to use the right to use this way, he said.

Most importantly, as China’s currencies, as the EU and small countries, the dollar replaced the dollar in international finance, which will be changed in private international finance. As a result, the privilege role of financial institutions, which are direct and indirect soft access to the financial institutions of the United States, would be subsidized.

The financial domination of the United States and its currency would shrink sharply and the effectiveness of American financial sanctions, maybe fatal.

In short, the removal of the IMF would be an economic, financial and political assembly of huge rates.