Despite fears that China and Russia are seeking to undermine the dominance of the US dollar, new data suggests the currency is retaining its position as the world's most trusted, according to Business Insider's report.
The greenback still accounts for 60% of the world's foreign reserves, while its closest rivals, including the euro, pound and yen, are all issued by US allies.
Furthermore, the US currency remains the most widely used for international trade, while alternative schemes, such as a new reserve currency pegged to Brazil, Russia, India, China and South Africa, have struggled to gain momentum.
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