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Russia's war in Ukraine, Vladimir Putin and Xi Jinping's recent meeting in Moscow, and China's apparent success in brokering a diplomatic rapprochement between Iran and Saudi Arabia have fueled renewed chatter about threats to the global primacy of the United States??"and particularly to that of the U.S. dollar.

I encountered such commentary in the responses to my recent Global Policy article assessing the future of the BRICS (Brazil, Russia, India, China, and South Africa).

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