Stories written by Juan Gabriel Tokatlian

The End of Dollar Supremacy

Half a century ago, the dominance of the United States dollar in the international finance and trade system was indisputable. By 1977, the US dollar reached a peak of 85 per cent as the prevailing currency in foreign exchange reserves; in 2001, this position was still around 73 per cent. But today, it is at approximately 58 per cent.

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