Countries have tried to dethrone the dollar as the global reserve currency for many decades now for various reasons. But of late, attempts to de-dollarise have picked up pace in the aftermath of Russia’s invasion of Ukraine last year.
What is ‘reserve currency’?
De-dollarisation refers to the replacement of the U.S. dollar with other currencies as the global reserve currency. |
What are the advantages of reserve currency?
What gives the US dollar the power in international trade?
Example
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Why was the call for de-dollarisation renewed?
Who can be the next?
How would it impact (if becomes reality)?
Verifying, please be patient.
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