dollar (“dollar”) is the world’s reserve currency of choice, but at various points in its history, critics have pointed to other currencies as potential vehicle currencies of choice. While in the 1970s or 80s it might have been the yen or the deutschmark, the creation of the euro in 1999 brought a new competitor onto the scene. In its first few years, the euro became increasingly popular. With the Euro zone having an economy nearly as large and robust as the American economy to back it, the ‘common…
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