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The text expresses concern about Russia and China’s efforts to create alternative reserves and conduct transactions in currencies other than the US dollar. It emphasizes that the US dollar remains the primary global reserve currency due to the strength of the US's democratic institutions, liquid markets, and the rule of law. The dollar's stability and historical value contribute to its dominance in international commerce, making it challenging for competing countries to establish viable alternatives. Despite other nations' ambitions to develop different currencies, the US dollar continues to be the preferred choice for global transactions.