The strongest currency in use today is the U.S. dollar. However, ever since the dollar first gained popularity in 1971, analysts have been predicting the coming demise of the currency. Some experts fear that the dollar’s hegemony may be under jeopardy if its proportion of the global reserve currency keeps falling. So what would happen if the dollar lost its position as the world’s reserve currency? Find out by watching the video.
The U.S. dollar is still the world’s “real” reserve currency, but that could change if China goes full speed ahead with its digital yuan.
Central Bank Digital Currencies, or CBDCs, are controlled digital currencies that are the subject of research into how they might appear in the United States.