How Asia can reduce its dollar dependence
Mihai Prelipcean
The U.S. dollar remains the world’s leading reserve currency, but recent developments — particularly President Donald Trump’s unilateral economic diplomacy, including weaponization of the dollar — have fueled doubts about whether it will maintain that status. While some of America’s geopolitical rivals may hope to displace the dollar, the real challenge facing Asian economies is to manage the vulnerabilities created by their heavy dependence on it. To be sure, no other currency currently rivals
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