13 Hrs
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المشهد العربي
Experts Warn Dollar's Reserve Status Decline
Jamie Dimon, CEO of JPMorgan Chase, warned that the U.S. dollar could lose its status as a primary global reserve currency if the United States does not maintain its economic and military dominance. He emphasized that economic and military strength are interconnected, and a decline in one would lead to a decrease in the dollar’s international standing, despite it currently controlling around 57% of global foreign exchange reserves. He also pointed out the importance of reducing Washington’s reliance on China for securing critical minerals and highlighted vulnerabilities in American production capacity in the face of prolonged conflicts.
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