Mesirow
June 09, 2025
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US Dollar: Currency Dynasty

Dominant reserve currencies—those currencies that banks hold as reserves for use in international trade and finance—come and go. These currencies rise into prominence, spend about 90 to 100 years in the spotlight and decline into obscurity.1 The US dollar is the current dominant reserve currency: It rose in the first half of the 1900s and has maintained its position as the world’s most important currency for more than two decades into the new century. 

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