5min chapter

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Could the Chinese Yuan Ever Replace the US Dollar?

Big Take Asia

CHAPTER

The Rise of the Dollar: A Historical Perspective

This chapter explores the historical context behind the US dollar's establishment as the world's reserve currency since the Bretton Woods Agreement of 1944. It examines the implications of a strong dollar in the global economy, the push for de-dollarization following recent sanctions, and the efforts of BRICS countries to foster alternative currencies.

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