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The IMF managing director Kristalina Georgieva said Monday that a shift away from the US dollar is occurring, but that she does not see an alternative to the dollar as a world reserve currency in the foreseeable future.
"It is pretty hard to displace a reserve currency. It takes time. It's not something that happens gradually then suddenly," Ferguson said.
The Reserve Bank of Zimbabwe (RBZ) said it will launch gold-backed digital currency on 8 May
Insider's Phil Rosen interviews Eurizon SLJ economist and inventor of the dollar smile theory, Stephen Jen.
Data from China's State Administration of Foreign Exchange (SAFE) revealed that the Chinese yuan (CNY) surpassed the United States dollar (USD) as the most-used currency in China's [...]