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Washington, China, and the Rise of the Renminbi: Are the Dollar's Days as the Global Reserve Currency Numbered?

The U.S. dollar has dominated the international monetary system for approximately 70 years. While the U.S. economy has generated weak growth over the past six years and accumulated a large sovereign debt, the dollar’s status as an international medium of exchange and reserve currency (currency held by foreign central banks) has defied the odds and has not diminished. ....

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