Usurping Dollar’s Dominance Over World Is a Near Impossible Task

(Bloomberg) — Dethroning the dollar is easier said than done.

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That’s the conclusion of investors after Washington’s freeze of Russia’s dollar holdings created fresh impetus among central bankers to rethink the security of access to foreign-exchange reserves. The move fueled speculation that countries such as China could redouble efforts to unshackle itself from greenback-denominated financial systems and look for alternatives.

While Goldman Sachs Group Inc. and…


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