News Snapshot:
There continues to be much talk of the dollar’s demise and over the last decade, a number of challengers have emerged to lay claim to the dollar’s dominant position. With the rise of China, many consider China to be in pole position to replace the US dollar. The dollar has played a central role in maintaining America’s global position; it has used this position to sanction nations and cut them of from global trade as well as to force nations to support US foreign policy objective. China has been speaking about replacing the dollar for some time. China’s development has...
