The Dollar's Major Reserve Status Is Not Etched in Stone.

#dollar #brics #currency #sterling #empire

Today we will look at the topic of major reserve currency status. We will go back in history to see the last changing of the guard from the sterling to the dollar as the major reserve currency.

The conclusion is that nothing lasts forever and that the dollar's status as a major reserve will be chipped away significantly in the come years.

Zombie International Currency: The Pound Sterling 1945-1973: http://repec.graduateinstitute.ch/pdfs/Working_papers/HEIDWP03-2020.pdf

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