date:Aug 02, 2023
supremacy of the US dollar has been questioned and attempts have been made to challenge it. Major European countries gave up their currency to adopt the euro as a single currency. Initially, the euro did show promise, but due to the 2010 European crisis and stagnant growth thereafter, the progress stalled.
The Chinese have been trying to position the renminbi as an international currency by giving loans in its currency. The Chinese and Europeans were also the early adopters of the central bank