The U.S. dollar is the world’s preeminent reserve currency, which gives the government unparalleled financing flexibility. Some of these strengths could be eroded over time by governance shortcomings.
Multiple people have warned that the debt crisis could erode the U.S. dollar’s dominance, including veteran investor Jim Rogers and economist Peter Schiff. However, some insist that the USD will remain the world’s reserve currency, including Moody’s. The rating agency said last month that the U.S. dollar will remain the dominant currency in international trade and finance for decades to come, despite new challenges.
USD remains the world's most valuable reserve currency. There is a lot of news about the US defaulting, but Biden will revive America. The USD will return to its original position
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