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Monday, June 17, 2024

De-dollarization will be a vicious cycle as hyperinflation leads to higher rates that will further erode the greenback’s power, think tank says

The use of the US dollar as a reserve currency is under threat — and the greenback is headed for a vicious cycle that will further erode its dominance, according to the Australian think tank the Lowy Institute. That’s because the declining use of the dollar could lead to hyperinflation, which would, …

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