Is the Reign of the U.S. Dollar Coming to an End?

1 min read
Source: NPR
Is the Reign of the U.S. Dollar Coming to an End?
Photo: NPR
TL;DR Summary

The US dollar has been the world's reserve currency for 80 years, but its dominance is being challenged by emerging currencies like the Chinese yuan and Russian ruble. The US dollar's status is at risk due to the increasing use of financial sanctions by the US government, which has prompted countries like China and Saudi Arabia to make trades in other currencies. While the dollar is not at immediate risk of losing its top spot, economists warn that momentum can change fast and the US needs to be careful.

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