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Miles
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Could the BRICS or the SCO replace the US Dollar as reserve currency and how would that effect the US economy?
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- pgreenLv 66 years agoFavorite Answer
Why replace ? Several reserve currencies already coexist.
The real issue is the lack of a global monetary standard.
The dollar cannot be seen as such as it lacks the needed stability
and reflects the monetary policy of only one country.
Glbal monetary standard
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