The Capital
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The Capital

Can the Dollar Survive Coronavirus? — Market Mad House

By Daniel G. Jennings on The Capital

Photo by Aditya Vyas on Unsplash

Coronavirus and civil unrest could destroy the US dollar; the world’s reserve currency.

A reserve currency is money foreign banks hold as a reserve — an insurance policy a private or central bank holds against the collapse of other currencies. For instance, the People’s Bank of China…

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