US Senator Rand Paul has expressed concern that the US dollar could lose its status as the global reserve currency. Speaking in an interview with Fox Business, Paul cited both foreign policy and fiscal irresponsibility as factors contributing to the dollar’s precarious position. He also warned against a “zero trade policy” which he said would make the world a worse place. Paul’s comments come amid a growing trend of de-dollarisation, with countries such as China and Russia seeking to denominate their trades in currencies other than the dollar.
Senator Rand Paul’s Shocking Warning: US Dollar at Risk of Losing Reserve Currency Status, Experts Agree
"Senator Rand Paul Sounds Alarm on U.S. Dollar Losing Global Reserve Currency Status"