So far , no analysis or comments made on how the 61.3% foreign reserves held in other central banks could be handled . Frozen = ? , full stop ?
If frozen = 0 , that means collapse of central banks international cooperation including IMF. IMF special drawing right is also disabled . No central bank , nor commercial banks , risk management team can face such a risk which is top of the list of geopolitical risks , mother of all risks. BIS can go out of business. No more international electronic transfer ledgers.