A top US Treasury official lays out 4 reasons why the dollar will remain the global reserve currency

From markets.businessinsider.com

After Russia invaded Ukraine in late February, the US and its allies slapped fierce sanctions on the country's financial system and oligarchs. President Joe Biden's use of American economic power to punish Russia has raised questions about whether countries can continue to rely on the dollar as the world's de facto currency. Yet plenty of experts have pushed back against the view that the dollar's position is under threat. Deputy US Treasury Secretary Wally Adeyemo added his name to that list Monday, with a full-throated defense of the dollar in a question-and-answer session following a talk to the Peterson Institute ... (full story)