By Walter Grand in Economy —

The dollar remains dominant in international transactions and I see no alternative that could displace the dollar in the foreseeable future - US Treasury Secretary Yellen

The dollar remains dominant in international transactions and I see no alternative that could displace the dollar in the foreseeable future - US Treasury Secretary Yellen
Photo by engin akyurt / Unsplash

I do not see the dollar's role threatened by plans by Russia, Brazil, India and China to create a new currency.

The record volume of bilateral trade in 2022 shows that there are plenty of opportunities for US and Chinese firms to engage in trade and investment.