For decades, the U.S. dollar has reigned supreme, as the world’s reserve currency, and it has been used extensively in cross-border trade, especially for commodities such as oil.
But the dollar’s dominance of global trade, and investment flows, is now facing a new set of threats.
There are five recent currency schemes, from around the world, all with the ultimate goal, of ending the dollar’s dominance.
So can the dollar retain its throne?
