Premier banker: Wells Fargo Premier | Wells Fargo

Опубликовано: August 6, 2023 в 7:05 am


Категории: Miscellaneous

Wells Fargo Premier | Wells Fargo

Personal finance designed around you

Premium service and benefits. Tailored for clients with $250,000 or more in qualifying balances at Wells Fargo.1,2

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Wells Fargo Bank discounts & benefits


No ATM fees worldwide


and no wire transfer fees for incoming or outgoing wire transfers4,6,7

Discount on jumbo mortgage

rates, based on eligible assets with Wells Fargo8

Relationship Interest Rates

on eligible linked CDs and savings accounts11

Get to know Wells Fargo Premier

Four ways to maximize your premier benefits

From personal service to discounts and other features, Wells Fargo Premier has you covered.

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How to open your Premier Checking account

Taking advantage of premier service, discounts, and benefits is easier than you might think.

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Still have questions?

How do I upgrade an existing Wells Fargo account?

No need to change your account number. You’ll just need to connect to a banker to get started. Contact us at 1-866-629-2136.

1. Wells Fargo Premier

Requires meeting all conditions of Wells Fargo Premier participation. Wells Fargo Bank and Wells Fargo Advisors discounts and benefits are available to all customers who have a Wells Fargo Premier Checking account. The Wells Fargo Premier Checking account has a $35 monthly service fee which can be avoided each fee period with $250,000 or more in statement-ending qualifying linked (a) bank deposit account balances (checking, savings, time accounts (CDs), FDIC-insured IRAs) and (b) investment account balances (brokerage available through our brokerage affiliate Wells Fargo Advisors, applicable bank fiduciary and custody accounts, annuities, and eligible foreign exchange transactions). Refer to the Wells Fargo Bank Consumer Account Fee and Information Schedule for further information about the Premier Checking account and applicable bank fees. Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.

Investment and Insurance Products are:

  • Not Insured by the FDIC or Any Federal Government Agency
  • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
  • Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

Wells Fargo Advisors:

  • Brokerage products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
  • Certain brokerage accounts are not eligible.

Insurance and annuities:

  • Products are offered through non-bank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.
  • If the annuity becomes annuitized, or a periodic payment schedule has been established, the remaining balance will no longer be eligible for qualification.

2. (A) If your Premier Checking account is converted to another checking product or closed by us or you, all linked accounts are delinked from the Premier Checking account and effective immediately, benefits no longer apply, including benefits to your now delinked accounts. You’ll no longer receive discounts, options to avoid fees on other products or services, or the Relationship Interest Rate; for time accounts (CDs), this change will occur at renewal. Your delinked accounts will revert to the Bank’s current applicable interest rate or fee at that time. (B) If you or we delink an account from your Premier Checking account but other accounts remain linked, the loss of all benefits and the other consequences described above in (A) will immediately apply to the delinked account. Benefits available to your Premier Checking account and any remaining linked accounts will continue.

3. All loans are subject to credit approval, income verification and, if applicable, collateral evaluation. Programs, rates, terms and conditions are subject to change without notice. The interest rate discount requires a qualifying Wells Fargo consumer checking account.  Loan applicants with a Prime Checking or Premier Checking account at the time of application for credit qualify for additional interest rate discounts. The interest rate discount requires automatic monthly payments deducted from a Wells Fargo consumer deposit account. If either the Prime Checking or Premier Checking account is closed or the automatic payment is cancelled at any time after the loan is opened, the interest rate may increase, in which case your corresponding monthly payment will increase. Talk with your banker, or refer to product information online at, to learn what requirements apply to your specific loan.

4. Unless otherwise noted, stated benefits apply only to the Premier Checking account and not other linked accounts.

5. Surcharge fees imposed by non-Wells Fargo ATM owners or operators may apply. For the Prime Checking and Premier Checking accounts, Wells Fargo will waive its own ATM access fee (U.S. and international) when you withdraw cash from a non-Wells Fargo ATM. In addition, for Prime Checking you will be reimbursed for one surcharge fee incurred at a non-Wells Fargo ATM located in the U.S. and one surcharge fee incurred at a non-Wells Fargo ATM located outside the U.S. per fee period. For Premier Checking, you will be reimbursed for all surcharge fees. Where the surcharge fee for ATM cash withdrawals assessed by a non-Wells Fargo ATM owner/operator is not provided to Wells Fargo, Prime Checking and Premier Checking customers will receive a $4.00 reimbursement per cash withdrawal.

6. In addition to any applicable fees, we make money when we convert one currency to another currency for you. The exchange rate used when we convert one currency to another is set at our sole discretion, and it includes a markup. The markup is designed to compensate us for several considerations including, without limitation, costs incurred, market risks, and our desired return. The applicable exchange rate does not include, and is separate from, any applicable fees. The exchange rate we provide to you may be different from exchange rates you see elsewhere. Different customers may receive different rates for transactions that are the same or similar, and the applicable exchange rate may be different for foreign currency cash, drafts, checks, or wire transfers. Foreign exchange markets are dynamic and rates fluctuate over time based on market conditions, liquidity, and risks. We’re your arms-length counterparty on foreign exchange transactions. We may refuse to process any request for a foreign exchange transaction.

7. Incoming wire transfers received in a foreign currency for payment into your account will be converted into U. S. dollars using the applicable exchange rate without prior notice to you. For more information, see the “Applicable Exchange Rate” section of the Deposit Account Agreement.

8. Wells Fargo Premier is not required for clients to qualify for Wells Fargo’s asset-based relationship pricing. Not all assets qualify for asset-based relationship pricing. For more information, contact your home mortgage consultant. Information is accurate as of the date provided and is subject to change without notice. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. Equal Housing Lender RLC-0121.

9. Securities-based lending has special risks and is not appropriate for everyone. All securities and accounts are subject to eligibility requirements. Please consult with your Wells Fargo Advisors financial advisor and account documentation for additional information on how securities-based lending works.

10. Some benefits may also be available with other products.

11. The Relationship Interest Rate is variable and subject to change at any time without notice, including setting the interest rate equal to the Standard Interest Rate or to zero (0. 00%), which could change the Relationship Annual Percentage Yield (APY). For time accounts, the change will occur upon renewal. To receive the Relationship Interest Rate/Relationship APY, the eligible savings or time account must remain linked to a Prime Checking, Premier Checking or Private Bank Interest Checking account. Time Accounts must be linked at account open and at every renewal.

Apple, the Apple logo, Apple Pay, Apple Watch, Face ID, iPad, iPad Pro, iPhone, iTunes, Mac, Safari, and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Wallet is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

Android, Chrome, Google Pay, Google Pixel, Google Play, Wear OS by Google, and the Google Logo are trademarks of Google LLC.

Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.



What Do Premier Bankers Do: Daily Work & Skills

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  • Overview
  • Industries
  • Skills
  • Postings
  • Additional Links
  • More Occupations

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Wondering what the job is really like for Premier Bankers?

You’ve come to the right place.

Keep reading to find detailed information about what Premier Bankers do, including the type of work they face on a daily basis, industries where they work,
and the specific skills needed for a successful career.

Premier Bankers Overview & Description

Let’s get started with the basics about Premier Bankers by taking a look at a simple description and popular job titles.

Premier Bankers buy and sell securities or commodities in investment and trading firms, or provide financial services to businesses and individuals. May advise customers about stocks, bonds, mutual funds, commodities, and market conditions.

Popular Job Titles For Premier Bankers

Read on for insight into the industries where the highest concentration of jobs for Premier Bankers can be found.

Best Industries for Premier Bankers

When it comes to jobs in the United States, the largest percentage of Premier Bankers can be found in the Depository Credit Intermediation sector.

In 2021, about 37.2% of all jobs for Premier Bankers were found there. Other top industries by percentage include
Depository Credit Intermediation (37.2%), Other Financial Investment Activities (20.8%), Securities and Commodity Contracts Intermediation and Brokerage (18%), Activities Related to Credit Intermediation (7%), Nondepository Credit Intermediation (6.2%), and Management of Companies and Enterprises (3%).

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Degree Options for Premier Bankers

Develop the foundational financial skills needed to keep business running successfully, including financial reporting and analysis, managerial accounting, and federal taxes, so you can start your career as an accounting technician, tax preparer, payroll assistant and more.

  • Class Type: 100% online
  • Cost Per Credit: $398

Turn a head for numbers into a career as a financial associate or analyst, and help businesses turn financial data into actionable insights that can maximize investments, improve cash flow, and impact decisionmaking.

  • Class Type: 100% online
  • Cost Per Credit: $398

Enter into or advance within the rapidly growing accounting industry and prepare for professional certifications like the CPA.

  • Class Type: 100% online
  • Cost Per Credit: $398
  • Accreditation: IACBE

Master finance principles and develop all-inclusive corporate finance strategies for business firms and financial institutions.

  • Class Type: 100% online
  • Cost Per Credit: $398
  • Accreditation: IACBE

Leverage customized solutions to help families and individuals organize life priorities and plan for their financial futures.

  • Class Type: 100% online
  • Cost Per Credit: $398
  • Accreditation: IACBE

Distinguish yourself as a knowledgeable accounting professional with advanced technical, research, and communication skills.

  • Class Type: 100% online
  • Months To Complete: 17
  • Accreditation: IACBE
  • Placement Tests: GMAT/GRE not required for admission

What do Premier Bankers Do on a Daily Basis?

So you have a high-level understanding of what Premier Bankers do and the types of industries where they work – but what do they really do each day?

A great way to understand the type of work Premier Bankers do is to examine actual job postings and distill the specific skills that employers are seeking.
That will help paint a clearer picture of the tasks and work that Premier Bankers tackle each day.

Continue reading for a breakdown of hard skills found in job postings for Premier Bankers, as well as soft skills – interpersonal qualities and attributes – that
can help you thrive in the workplace.

In-Demand Skills for Today’s Premier Bankers

Based on 5,350 job postings

Top 5 Hard Skills for Premier Bankers
Skills Postings % of Total Postings
Air Traffic Control 2,058 38%
Federal Aviation Administration 1,805 34%
Traffic Control 1,274 24%
Aviation 756 14%
Airspace 696 13%

Top 5 Common Skills for Premier Bankers
Skills Postings % of Total Postings
Operations 2,186 41%
Communications 2,070 39%
Management 1,450 27%
Planning 1,239 23%
Valid Driver’s License 1,117 21%

Based on 5,350 job postings related to Premier Bankers, air traffic control was the top hard skill sought by employers, with 38% of all postings looking for that skillset. Skills for federal aviation administration, traffic control, aviation, airspace, and Air Traffic Management were also highly sought.

As for soft skills, operations was the most desired skill found in job postings for Premier Bankers, followed by communications, management, planning, valid driver’s license, and Leadership.

Skill Postings % of Total Postings
Air Traffic Control 2,058 38%
Federal Aviation Administration 1,805 34%
Traffic Control 1,274 24%
Aviation 756 14%
Airspace 696 13%
Air Traffic Management 481 9%
Automation 374 7%
National Airspace System (NAS) 346 6%
Safety Standards 329 6%
Administrative Support 315 6%
Organizational Performance 283 5%
Operations Management 258 5%
Security Requirements Analysis 249 5%
Traffic Flow 220 4%
Flight Planning 206 4%
Surface Weather Observation 198 4%
Lighting Systems 193 4%
Auditing 176 3%
Microsoft Solutions Framework 164 3%
Radar 147 3%
Skill Postings % of Total Postings
Operations 2,186 41%
Communications 2,070 39%
Management 1,450 27%
Planning 1,239 23%
Valid Driver’s License 1,117 21%
Leadership 887 17%
Customer Service 815 15%
Multitasking 583 11%
Team Building 465 9%
Coordinating 463 9%
Detail Oriented 373 7%
Microsoft Excel 369 7%
Quality Assurance 316 6%
Professionalism 303 6%
Good Driving Record 298 6%
Microsoft Office 295 6%
Problem Solving 293 5%
Lifting Ability 273 5%
Written Communication 263 5%
Computer Literacy 259 5%

Most In-Demand Jobs For Premier Bankers

Top 5 Posted Job Titles
Job Title Postings % of Total Postings
Relationship Bankers 87,521 21. 2%
Universal Bankers 38,745 9.4%
Personal Bankers 62,275 15.1%
Branch Bankers 35,366 8.6%
Financial Representatives 21,333 5.2%

According to job postings that were published between September 2020 and August 2021, the top job sought by employers was Relationship Bankers, with 20,235 unique job postings. Universal Bankers were second, with 13,918 postings, followed by Personal Bankers, Branch Bankers, and Financial Representatives.

Expand the section below to see unique job postings for all occupations related to Premier Bankers.

Job Title Postings % of Total Postings
Relationship Bankers 87,521 21. 2%
Universal Bankers 38,745 9.4%
Personal Bankers 62,275 15.1%
Branch Bankers 35,366 8.6%
Financial Representatives 21,333 5.2%
Client Relationship Consultants 11,122 2.7%
Financial Services Representatives 13,228 3.2%
Premier Bankers 16,370 4%
Branch Relationship Bankers 18,145 4.4%
Private Client Bankers 28,112 6. 8%
Insurance and Financial Services Agents 12,781 3.1%
Banker Associates 21,320 5.2%
Business Bankers 6,593 1.6%
Relationship Managers 5,909 1.4%
Bankers 5,103 1.2%
Financial Specialists 4,603 1.1%
Retail Bankers 6,706 1.6%
Foreign Currency Traders 7,732 1.9%
Financial Services Associates 5,152 1. 2%
Financial Services Professionals 5,188 1.3%

All Occupations

The Best Adult Colleges and Careers Guide has compiled data for dozens of in-demand jobs. Explore our full catalog of occupation data by visiting the link below.

View Other Occupations

Ukraine’s chief banker left the battlefield / CIS / Nezavisimaya Gazeta

Tags: ukraine, national bank, shevchenko, resignation, economy, crisis, GDP, debts, loans

The National Bank of Ukraine is waiting for a new head. Reuters photo

Chairman of the National Bank of Ukraine Kirill Shevchenko resigned, citing health problems. His possible successor in Kyiv has already been named the former head of Oschadbank, Andriy Pyshny, who is associated with the head of the office of the President of Ukraine, Andriy Yermak. Although in the current catastrophic conditions – with the economy falling and a 35% surge in inflation, as well as a projected gap in the budget of 1. 5 trillion hryvnias – it is important that the leadership of the National Bank be independent, Kyiv analysts warned.

As it became known on Wednesday, the chairman of the National Bank of Ukraine, Kirill Shevchenko, who was approved for this position by the Verkhovna Rada in June 2020, unexpectedly resigned. “For reasons related to health, which I cannot ignore in the future, I made a difficult decision for myself,” Shevchenko said on his social media page. According to him, he sent a corresponding statement to the President of Ukraine Volodymyr Zelensky. Shevchenko also stressed that he had fulfilled his main mission in this post, which is related to the smooth operation of the banking system both in peacetime and in wartime.

On the same day, the Deputy Chairman of the Financial Committee of the Verkhovna Rada, Yaroslav Zheleznyak, informed: “So that they don’t think about the terms and candidates for a long time: Andriy Pyshny will become the new head of the NBU. ” His candidacy, according to Zheleznyak, will be submitted immediately after the vote for the resignation of Kirill Shevchenko. Moreover, this may happen already this week, on the day of voting for the draft state budget in the first reading, the deputy suggested.

As recalled in the Ukrainian media, in the pre-war years, resignations in the highest echelons of power due to health conditions were extremely rare. And after the start of the military operation of the Russian Federation on February 24, the Minister of Agrarian Policy Roman Leshchenko left his post in March. The reason for leaving was also the state of health of the minister. In addition, journalists found it noteworthy that a year ago, Andriy Pyshny, who is also called the godfather of the head of the office of the President of Ukraine Andriy Yermak, was mentioned as a likely new chairman of the NBU. Then, according to sources, Yermak himself was looking for candidates.

At the same time, as noted, for example, by Yulia Samaeva, editor of the economics department of Zerkalo Nedeli (Roskomnadzor restricted access to the publication’s website), Kirill Shevchenko’s departure from the post of chief banker turned out to be both unexpected and predictable. Including because after a series of refusals in response to the appeals of the head of the NBU in the office of the president, located on Bankova Street, Shevchenko was considered a non-team player. Although, on the whole, he managed to ensure the stable operation of the banking system both in the previous covid period and in today’s conditions of hostilities, Samaeva stated. However, Andriy Pyshny, according to her, although not in everything, but quite successfully previously managed Oshadbank. So before and after his arrival, these turned out to be different banks. “But here’s what upsets me: unlike the non-team Shevchenko, the Magnificent Command is too much. And he is too close to Yermak, who has already closed everything that is possible on himself, ”the author pointed out. And this cannot but worry, she added, since the uncontrolled emission, which the president’s office demanded from Shevchenko’s predecessor Yakov Smolii, is already being observed. As well as jumped inflation, which is projected at 35% by the end of the year, and a fall in GDP, as well as a crisis in the labor market and a hole in the budget next year of 1. 5 trillion hryvnias. “It is already clear that a lot of efforts will have to be made to keep the economy from catastrophe. Under such conditions, an independent head of the NBU, who would restrain and filter at least partially super-creative decisions from the president’s office, is worth its weight in gold. We hope that our gold and foreign exchange reserves will be enough,” concluded the editor of the economics department.

Meanwhile, in a recent report analyzing the financial situation in Europe and Central Asia, World Bank (WB) experts predicted that the Ukrainian economy will shrink by 35% in 2022. At the same time, they slightly improved their forecast, as they had previously expected a fall of 45.1%, and also raised the bar for growth expected next year from 2.1% to 3.3%. Along with other things, the WB considered it necessary to note the military successes of the Armed Forces of Ukraine in recent weeks. And they also pointed out that against such a background, the expected growth will be slow, and the costs of repairing the damage caused by the military conflict will be huge. These costs are estimated at a minimum of 349billion dollars, which is one and a half times more than the country’s pre-war gross domestic product, the WB experts specified.

Although how realistic are the forecast figures they have derived? And is it possible that taking into account the declared gigantic sums, which are subsequently supposed to be directed to the restoration of the Ukrainian economy, was the replacement of the head of the NBU also conceived?

As Mark Savichenko, chief analyst at Ivolga Capital, explained to NG, although the World Bank’s estimates of a decline in GDP growth for Ukraine published the day before were improved from 45 to 35% in 2022, the projected 35% drop in the economy is catastrophic. Whereas the cost of restoration determined by the WB at 349billion dollars seems to be quite balanced. The existing estimates of other organizations are in the range from $200 billion to $600 billion. “However, can the change of the head of the NBU be connected with the need in the coming years to attract significant sums to restore the country? It seems to me that these events are independent of each other. The National Bank is certainly an important part of the state system, but raising money for recovery is primarily a political issue. And it will probably be dealt with by other branches of the Ukrainian government, along with possible “Western curators,” Savichenko emphasized.

By his definition, in any country, a change in the head of the central bank implies the risks that the new head will become subordinate to the executive branch and will not pursue an independent monetary policy. The lack of independence of the regulator usually results in unlimited issuance and inappropriately low interest rates, resulting in high inflation. Today’s Türkiye is a prime example of this. Under the outgoing chairman of the NBU, the key rate turned out to be at a hard level of 25% (in June, the NBU raised the discount rate by 15 percentage points at once to 25%). At the same time, despite the provision of certain stability in the banking system in the face of hostilities, local media also wrote about the conflict between the NBU and the government on issues of the hryvnia rate and emission. Whether the new head of the National Bank will pursue an independent policy, in particular, will be shown by his decisions on the rate, the chief analyst of Ivolga Capital concluded.

“What difference does it make who will manage the National Bank of Ukraine? There is still no real money there. Kyiv representatives themselves admit that only 20-25% of the necessary expenses are provided by budget revenues. And everything else is covered by Western funds – in debt, and in Western countries they frankly warn: if Kiev stops fighting, they will not give him any more money, ”Rostislav Ishchenko, president of the Center for System Analysis and Forecasting, expressed a different point of view to NG. And he also doubted the estimates of the World Bank, including on future economic growth, since it simply will not come from anywhere. It is clear that if Ukraine survives until the end of next year, the situation there will be even worse due to the loss of new territories, enterprises and people. Unless, of course, the WB is also supposed to take into account the indicators of all regions that will fall under the control of Russia by that time, but in this case these will be the indicators of the Russian Federation, Ishchenko specified. And in the end, he did not rule out that the previous head of the NBU himself wanted to leave his post in the expectation that soon everyone would forget about his tenure as chief banker and he would be able to continue to live in peace. “Probably, his successor in the current circumstances will consider it good for himself to print hryvnias, exchange them for dollars and escape somewhere,” the president of the Center for System Analysis and Forecasting admitted.

There will be no prosperity: what the chief banker of the European Union Christine Lagarde is afraid of | In the world

The countries of the European Union face a difficult choice between their own prosperity and allied relations with the United States in their struggle with China for global economic leadership. This is stated by the President of the European Central Bank, Christine Lagarde, who warns of the threat of a new round of inflation in European countries and a slowdown in their economic growth due to the geopolitical confrontation between the two emerging global blocs.

The forecasts of the head of Europe’s main bank do not bode well for the alliance if it fully takes the side of Washington and enters into a confrontation with Beijing. But the logic of the development of the situation shows that the choice has actually already been made, and not at all by the European Union itself, but by its transatlantic partner.

The Council is made up of many senior US government officials, world business leaders and major media executives. And this, one must think, is not the most successful platform for statements about the perniciousness for Europe of an unconditional alliance with the United States. Nevertheless, it was there that the head of the European Central Bank spoke about the dangers of the fragmentation of the world economy initiated by the United States and about the losses that Europe will suffer and already experience as a result.

And she didn’t utter any of the now obligatory cliché phrases for Western politicians and public figures about the exclusive fault of Russia or China in global trade and economic problems.

Of course, there were no accusations against Moscow of “absolutely unjustified” military actions in Ukraine, but in comparison with other Western leaders who blame “authoritarian regimes” for everything, Christine Lagarde’s speech can be called an almost objective assessment of the changes taking place in the world.

Perhaps the point is that the participants in the meeting of the Council on Foreign Relations – people much better than the usual “objects of ideological propaganda”, are informed about the true background of the Ukrainian crisis and about its beneficiaries.

In addition to the obvious conclusions about the difficulties of overcoming successive crises, she speaks of “suddenly unexpectedly high” inflation and the destruction of the structure of international trade, the splitting of the world into blocs led by the US and China, which seek to enlist the support of as many allies as possible.

“The tectonic plates are moving, and they’re moving faster than we’ve ever seen,” Lagarde said. And this rapid fragmentation of the global economy threatens with losses and damages, first of all, to European countries, which find themselves, as it were, between a rock and a hard place.

Lagarde has chosen the right place for revelations about the future of Europe

Christine Lagarde’s point of view largely coincides with the recently published forecasts of the International Monetary Fund (IMF) and the opinion of its Managing Director Kristalina Georgieva.

Both ladies in charge of powerful financial institutions stress the danger of the devastating effects of fragmentation of the world economy and the destruction of established mutually beneficial trade ties and industrial supply chains. But the head of the ECB is trying these consequences on the European Union and comes to even more disturbing conclusions than the head of the fund. Splitting the world into blocs will put the European economies in a particularly difficult position, which are much more dependent on the import of vital resources than the United States, China or Russia.

Noticeable in Lagarde’s speeches is a clear coincidence of thoughts with the recent “scandalous” statement by French President Emmanuel Macron about the need to avoid the “vassal” position of the European Union in relation to the United States and the fallacy of confrontation with China. The pretext for which, obviously, should be the island of Taiwan, just like Ukraine, designed to turn into a battlefield for the United States to maintain global leadership.

Macron’s arguments, obviously, find confirmation in the quiet offices of expert economists and financiers. But they are received with hostility in many European capitals, which once again casts doubt on the EU’s ability to make an independent choice independent of Washington, which will determine its future.

The division of the world economy along geopolitical lines into rival blocs led by the US and China threatens to destabilize world trade, increase inflation and weaken economic growth, the European Central Bank is confident. According to Christine Lagarde, who voiced his point of view, the confrontation and the fragmentation of the world economy caused by it can lead to an increase in inflation by 5%, the loss of the leading currency positions by the US dollar and the euro.

Where the idea of ​​”autonomy” from the USA will lead Europe

While the dollar remains the main asset of the foreign exchange reserves of the countries of the world, the change in its status may turn out to be swift and destructive for the collective West, and not only for it. “Disconnection and a kind of bipolarization of the world will lead to less economic growth, less prosperity in the world and more poverty in the world,” Lagarde said. “I think this is something that should be avoided by all means.