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According to Megan Greene, principal economist at the Kroll Institute, the 'King Dollar' is not at risk of losing its worldwide market domination due to its trading power.
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Saudi Arabia could flee to gold or cryptocurrencies to escape the money-printing machine, but it won't replace the US dollar with an inferior fiat currency.
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According to a new analysis by the International Monetary Fund, the dollar's proportion in international reserves has been declining for the past two decades as central banks seek to diversify their holdings into the Chinese yuan and other currencies.
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As extraordinary penalties on Russia stoke global appetites for currency alternatives, Saudi-Chinese talks 'accelerate.'