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De-Dollarization: What Would Happen If The Dollar Lost Reserve Currency Status?

One of the more intriguing financial trends in recent years is the de-dollarization movement. De-dollarization is an effort by a growing number of countries to reduce the role of the U.S. dollar in international trade.

Countries like Russia, India, China, Brazil and Malaysia, among others, want to set up trade channels using currencies other than the almighty dollar. With so much of the world economy reshaping itself in the post-pandemic landscape, is the reserve status of the U.S. dollar going to be the next domino to fall?

This post originally appeared at U.S. News & World Report.