reserve currency

That's because it is the world's primary reserve currency, meaning it is held by central banks around the world in large quantities as part of their foreign exchange reserves.

The very idea that it might lose its status as the world's reserve currency has been unthinkable.

������ will it mean for Joe Q. Public if the dollar is dethroned as the world’s reserve currency?

We created the rules under which the global economy operates, the U.S. dollar is the world's reserve currency and we are the world's only military superpower.

This is not to overstate the case; the U.S. dollar remains the global reserve currency, and the West still controls the levers of the most essential diplomatic and monetary institutions worldwide.