Appearances can be deceiving, so it’s unlikely dollar will wane in significance

Despite some predictions that the US dollar’s dominance will decline in the future, this is unlikely to happen any time soon. The US dollar remains the most widely used currency for international transactions, and no other currencies can easily replace it. Additionally, the US economy remains strong and stable, and there are no apparent alternatives for investors seeking a haven. Read more about it in an article titled ‘Appearances can be deceiving, so it’s unlikely dollar will wane in significance’ by the Vice-Chancellor & Chief Executive of AIMST University, Professor Datuk Dr. John Antony Xavier. The article got featured in the columnist section of NST on 18 April 2023. Click here to read

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