When currency empires fall

Is the dollar doomed as the world's reserve currency? CentralBankNet caught up with Professor Avinash Persaud at a lecture on Thursday 9 October as he set out his dramatic vision of how global currency markets might evolve over the course of the 21st century.

It is hard now to imagine a world in which the dollar is not the major reserve currency, a privileged position which it has occupied for at least the last fifty years. For central banks though, who hold huge volumes of foreign currency

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