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Barry Eichengreen: Ukraine war accelerates the stealth erosion of dollar dominance

Central banks are diversifying reserves beyond the US currency, euro and renminbi. The decision by the US and allies to freeze Russia’s foreign reserves has unleashed an intense debate about the future of the international monetary system. That debate is vigorous because the stakes are high and because it is at least 75 years, and the

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Posted: March 28, 2022 Monday 12:31 AM