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Greenback's dominance is being stealthily eroded in past 20 years'

The dollarโ€™s share of global reserve currencies has been in steady decline over the past 20 years as central banks turn to nontraditional currencies, including the renminbi, to diversify their holdings. Reserve managers have moved out of dollars in two directions, with one quarter headed into the renminbi and three…
United States Chima Simpson Bell Barry Eichengreen Serkan Arslanalp Society For Worldwide Interbank Financial Telecommunication International Monetary Fund

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