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Concerns are raised about Russia and China’s efforts to create alternative reserves and conduct transactions in currencies other than the US dollar. Despite these efforts, the US dollar remains the dominant and preferred global reserve currency due to the strength of American democratic institutions, liquid markets, and the rule of law. The dollar has maintained its value over time, making it the most widely used currency in international commerce. While other countries may seek to develop their own currencies, the established advantages of the US dollar make it the most significant player in the global financial system.