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THE DOLLAR DOMINANCE - OrissaPOST
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THE DOLLAR DOMINANCE - OrissaPOST
Janak Raj The US dollar’s share in global foreign reserves peaked in 2001, and has been declining ever since. But while this trend is likely to continue, it is progressing very slowly, meaning that the greenback will retain its relative dominance—and the Global South will continue to suffer the consequences of US policy—for years to come. There is currently no easy alternative to the dollar. For a currency to attain reserve status, it generally …
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