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Status of US Dollar as Global Reserve Currency: Central Banks Diversify from USD-Assets to Other Currencies and to Gold
by Wolf Richter, Wolf Street: Long, slow erosion of the US dollar’s dominance. China’s renminbi keeps losing ground, many other currencies gain, as does gold. The US dollar is still by far the most dominant global reserve currency, among many reserve currencies, but its share has been eroding for years, as central banks have been […]
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