World Reserve Currency Moving with Globalization Finance Essay
Over the past several decades, the U.S. dollar has enjoyed its status as the world’s most important and dominant reserve currency. Every major government and financial institution in the world now holds significant quantities of U.S. dollars as part of their foreign exchange reserves. However, are we seeing that the dollar’s role as the world’s dominant reserve currency may be coming to an end? But before getting into the details of Reserve currency and its evolution, let us take a […]