A street hawker counts dollar bills in Caracas, Venezuela, on November 19. In Venezuela, the US dollar is used for most transactions after years of hyperinflation and devaluation of the bolívar. Photo: AFP
Opinion
Opinion
The View
US dollar hegemony will endure for as long as America’s institutional strength holds up
- The challenge of the renminbi and euro to dethrone the dollar will not go far unless China and the euro zone get to grips with their own structural problems
- US economic vulnerabilities won’t become a major factor, either, if the economy remains innovative
A street hawker counts dollar bills in Caracas, Venezuela, on November 19. In Venezuela, the US dollar is used for most transactions after years of hyperinflation and devaluation of the bolívar. Photo: AFP