The global power of the dollar

Gideon talks to Wally Adeyemo, US deputy Treasury Secretary, about the power of US financial sanctions to punish autocrats and dictators and curb terrorism. What exactly are these sanctions designed to do and how effective are they? Clip: PBS

Free links to read more on this topic:

US pushes allies for more sanctions on Hamas

China capitalises on US sanctions in fight to dethrone dollar

Russia is increasingly using China’s currency to evade sanctions

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Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Simon Panayi.

Read a transcript of this episode on FT.com

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