Dollar's Dominance in Global Reserves Likely to Persist Despite Challenges
The article discusses the global reserve system and whether the US dollar will remain the main international currency. It looks at factors influencing a currency's status and considers other currencies like the euro and Chinese renminbi. The study also examines the Special Drawing Right (SDR) as a potential international reserve asset. The findings suggest that while enhancing the SDR's role could be beneficial, it is more likely that the dollar will continue to be the primary international currency, possibly alongside other currencies in a multiple currency system.