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is there risk that the United States dollar will lose its position as the dominant currency in the world a couple of weeks ago France and China just completed the first ever natural gas transaction using the Renminbi the Chinese currency instead of the dollar the quote-unquote brics nations are discussing introducing a new Reserve currency to the world what happens with the US dollar as a reserve currency for the world has big implications on the USs influence of the world the cost of debt and government spending today were going to look at how the US dollar became the reserve currency for the world in the first place what it means for the US economy that it is the dominant currency what risks exist that the dollar will lose its dominance will discuss the implications of a less dominant dollar should that actually happen as we talk about the U.S dollar and whether its position as the predominant Reserve currency in the world is in Jeopardy we need to just start with the basics what i
