A Financial Alliance Won't Help China and Russia Dethrone the US Dollar

Retrieved on: 2020-11-25 16:07:30

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Economy

Monetary hegemony

Currency

Foreign exchange market

International finance

Renminbi

Reserve currency

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World currency

Euro

Currency substitution

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A Financial Alliance Won't Help China and Russia Dethrone the US Dollar. View article details on HISWAI: https://thediplomat.com/2020/11/a-financial-alliance-wont-help-china-and-russia-dethrone-the-us-dollar/

Excerpt

As of 2020, 62 percent of central banks' reserve currencies are held in the dollar, resulting in ... That <b>alternative currency</b> did not rock the dollar boat.

Article found on: thediplomat.com

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