Goldman Sachs has said the US dollar faces a number of risks, and could become a lesser currency like the UK pound. has said the US faces a number of risks, and could become a lesser currency like the UK pound. The pound was once the world's reserve currency , but was supplanted by the dollar in the middle of the 20th century. That the country has a deteriorating "net foreign asset position", with rising foreign debts. "If a reserve currency issuers' debt is allowed to grow relative to GDP, eventually foreigners may grow reluctant to hold more of it," they wrote.

Source: Economic Times April 01, 2022 22:50 UTC