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De-dollarization: Is it really happening?

Published 06/09/2023, 01:00 PM
Updated 06/10/2023, 02:40 PM

De-dollarization, the decline of the United States dollar as the world’s dominant reserved currency, is underway, and it’s gaining momentum.

For over 100 years, the U.S. dollar has been the world reserve currency, which means it has been the dominant foreign currency held by central banks to carry out international transactions and settle international debt.

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