Verkkoin this regard, the global currency reset reduces geopolitical tensions by reducing the dominance of a single country’s currency in international trade and. Verkkoin the case of iraq, the dominance of financial variables over monetary instruments became evident with the discovery of oil resources in the country. Verkkodespite the return of interstate war in europe, resurgent conflict in the middle east, and rising trade tensions, fragmentation has not spilled over into.