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the Greenback has been the mainstream Reserve currency and until recently Noah Martin that that could change anytime soon with Russia Ukraine war High commodity prices and also dwindling foreign exchange reserves have not challenged the Greenback and it is the Chinese Yuan that seems to be emerging is a hot alternative for the American dollar an export gets you the details [Music] this dollar has dominated International Trade since the end of World War II but after the onset of the russia-ukran war the Greenback seems to be losing some of its genes the dollarization has become the trend after several countries have expressed the need for an alternate currency to carry out trade but the question is why is the dollar losing popularity now the dollar is losing its dominance after the U.S imposed sanctions on Russia for its war in Ukraine cost of imports for neutral countries like India have become more expensive especially since the U.S fed started hiking boring rates to control inflation
