Will the dollar lose reserve currency status?


CGTN

Published on Jul 29, 2020

Amid rising tensions over technology and geopolitics, #American billionaire investor Ray Dalio has warned that the conflict between the U.S. and #China could develop into a “capital war,” which would damage the dollar. Meanwhile, international investment bank Goldman Sachs warned recently the U.S. dollar is in danger of losing its status as the world’s reserve currency. So, how likely is a capital war, will the dollar lose reserve currency status, and as economic ties suffer, what are the implications for the U.S. and the world economy?

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