Treasury Secretary Janet Yellen says to expect a gradual decline in the dollar’s share of global reserves, but greenback remains dominant

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Treasury Secretary Janet Yellen attends the House Financial Services Committee hearing in Washington on September 30, 2021. Al Drago/Pool/Reuters Treasury Secretary Janet Yellen said to expect a gradual decline in the dollar's share of global reserves. Her comments were in response to de-dollarization questions during a congressional hearing. She also said the dollar will remain dominant as most countries have no alternative. The US should expect the dollar's share of global reserves to slowly decline, but no alternatives exist that could completely displace the greenback, Treasury Secretary Janet Yellen said on Tuesday. Her comments came during a Housing Financial Services...