U.S. Dollar Hegemony Isn’t Going Anywhere

The US Dollar, as a reserve currency
A Pakistani money trader checks $100 bills at a currency exchange office, Karachi, Pakistan, May 19, 2022 (AP photo by Fareed Khan).

The struggling global economy has led some to wonder if the U.S. dollar may lose its status as the world’s “reserve currency,” meaning its position as the currency most widely held by foreign governments. But for several reasons, we are more likely to see so-called dollar hegemony continue for some time into the future.

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