HKMA's Yam says dollar may become less popular

The dollar may become ``less popular'' as a reserve currency should record U.S. current-account and budget deficits persist, said Joseph Yam, chief executive of the Hong Kong Monetary Authority in an article published by the HKMA on Thursday.

Click here to read the article "The world's reserve currency" on the HKMA's website

``The economy of the reserve currency of the world is currently facing structural problems, which have been described, even in the home jurisdiction, as serious and unsusta

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