Ukraine War And US, EU Sanctions Leading To Loss Of US Dollar’s Global Dominance
By Subrata Majumder A new landscape in currency dominance in global market is taking shape, with US dollar losing pre-eminence and Chinese yuan gaining steam. According to a IMF survey, dollar share in central bank foreign exchange reserves declined from 71 percent in 1999 to 59 percent in 2021. This resulted in steady decline in […]
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