US Dollar still tops the world’s “currency pyramid”

5 August 2016

The US Dollar continues to offer advantages “no other currency” can, and sits on top of the world’s “currency pyramid”.

That’s the view of Benjamin Cohen, professor of International Political Economy at the University of California, and author of Currency Power: Understanding Monetary Rivalry.

He said China had already overtaken the United States in terms of trade, and its currency, the Renminbi, could also become dominant in the future.

He spoke to the International Monetary Fund’s Bruce Edwards.

Duration: 5’16”

 

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