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Al Jazeera
Al Jazeera
Business
Andy Hirschfeld

UNBELIEVABLE: Exorbitant privilege can the us dollar maintain its global dominance | History Defined

Reserve currency status helps US-imposed sanctions to hold more weight [File: Tatan Syuflana/AP Photo]

Since the 1940s, the US dollar has held firm as the global reserve currency,  driving international trade and reinforcing the status of the United States as an economic superpower.

In recent years, however, some countries have expressed opposition to the US dollar’s longstanding economic dominance.

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