The History of the US Dollar

The list of countries trading in currencies other than the dollar is growing by the day. According to Reuters, China is now trading less than half of its global trade in dollars. Bengal is beginning to trade with India in local currencies and the list has grown to include more nations than you might expect. But why? And what does this mean for American financial hegemony? We make the complex easier to understand, by taking a peek into the today’s most important trends.

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