The Future of the US Dollar as the Global Reserve Currency

The Future of the US Dollar as the Global Reserve Currency

the current status of the US dollar as the leading global reserve currency. Countries are holding larger amounts of foreign currency reserves compared to previous years, and central banks have become more liquid and capable of managing their foreign currency needs. However, the distribution of these reserves varies globally, with the bulk of the increase concentrated in emerging oil-producing and developing countries, particularly China.

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