Are Digital Currencies & China’s Yuan Causing the US Dollar to Decline?
Since the Bretton Woods system was first introduced, the US dollar has established itself as the world’s largest reserve currency. However, with the increasing popularity of non-traditional currencies, questions have arisen about the possible decline of the dollar’s dominance. Liza Wasique attempts to answer these questions while acknowledging the declining trust in the US currency, and the competition between the dollar and China’s yuan.