Dollar dominance could give way to a ‘tripolar’ currency system as China’s yuan and the euro rise on the world stage

YahooFinance/Phil Rosen/4-29-2023

“To be sure, [the dollar’s] role in international trade looks to remain dominant, but that won’t necessarily prevent its decline as a reserve currency.” – Stephen Jen, Eurizon chief economist

USAGOLD note: Jen elaborates on the distinction between the dollar’s transactional and reserve currency roles and outlines what might very well be the shape of things to come – a tripolar currency world featuring the euro, the yuan, and the dollar. This article also mentions the ongoing shift from the greenback to gold in central bank reserves.