Barry Eichengreen, “The Dollar and its Discontents”
The academic thinks that 5-10 years is a plausible time frame over which the US could lose the “exorbitant privilege” afforded by issuing the world’s main international currency. Having unilaterally re-imposed sanctions on Iran, Trump’s administration is threatening to penalize companies doing business with it by denying them access to US banks. But that could hasten the dollar’s demise as the main global currency (reads in 6-7 min).

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