Stories

Thu, 25 Jun 2026

Thu, 25 Jun 2026 Rethink

Could the US dollar lose its number one status?
This has granted America an "exorbitant privilege" to print money without fear of inflation and accumulate national debt without consequence. The US can also impose sanctions and limit access to its currency, giving it significant influence on the international stage. China is among the countries pushing for the dollar's replacement as the world's reserve currency. Experts question how difficult it would be to disentangle the dollar from global trade and whether any nation could replicate the conditions that have allowed the US currency to thrive. Some wonder if newer digital currencies, operating outside government control, could replace the dollar.