Dollar dominance won’t last forever but worrying about de-dollarization is ‘much ado about almost nothing,’ Paul Krugman says

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A 100 yuan banknote (R) is placed next to $100 banknotes in this picture illustration taken in Beijing Nov. 1, 2010. Reuters/Petar Kujundzic The dollar's dominance in financial markets won't last forever, Paul Krugman said. But fears that the dollar will be replaced anytime soon are largely unfounded. According to the economist, there are no better alternatives to the US currency at the moment. The dollar's status as the top global reserve currency isn't going to last forever – but fears of immediate de-dollarization are largely unfounded, according to Nobel laureate Paul Krugman. 'The greenback's dominance won't last forever, because...