The calls to move away from the U.S. Dollar are growing, but the greenback is still king in global trade. The U.S. dollar has been dominant in global forex reserves for decades, but its share in central banks' foreign exchange reserves has decreased in recent years. The de-dollarization trend, which is a trend towards trading in other currencies other than the U.S. dollar, has several benefits for local economies. However, the U.S. dollar is not expected to be dethroned in the near future.
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