France hits out at dollar dominance in international transactions

French finance minister Michel Sapin calls for 'rebalancing' of the currencies used for global payments after US fined BNP Parisbas bank.

Reading articles is for subscribers only. Subscribe now.

France’s political and business establishment has hit out against the hegemony of the dollar in international transactions after US authorities fined BNP Paribas $9bn for helping countries avoid sanctions, reports The Financial Times.