Unlock the secrets of global finance as we delve into the intriguing story behind the dominance of the US dollar. From its humble beginnings after World War I to its status as the world's reserve currency, discover the factors that have propelled the dollar to its lofty position. Explore the pillars of its power, including a massive and stable economy, a deep and liquid financial market, and the influence of military strength. Dive into the intricate relationship between the dollar and oil, and consider potential challengers like the Euro, the Chinese Yuan, and the concept of a basket currency. As we peer into the future, ponder the impact of digital currencies like Bitcoin and CBDCs on the traditional financial landscape.
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