china just broke the us dollar 2023

Additionally, China has been accumulating gold reserves and diversifying its foreign exchange reserves away from the US dollar. Some experts believe that China may be positioning itself to introduce a digital version of its currency, which could challenge the dominance of other digital currencies, including the US dollar's digital form.

While it is unclear what the future holds for the US dollar as a reserve currency, it is clear that China's efforts to challenge its dominance are significant. As the world becomes increasingly interconnected and global power dynamics shift, it is possible that we may see a shift away from the US dollar as the primary reserve currency.