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The dollar is the king of currencies
But everyone else had to use the dollar for trade
By 1966, foreign banks held about $14 billion
In 1965, the French president challenged the US dollar's position
France launched a naval warship carrying its nation's US dollars
And that was the end of the dollar's convertibility to gold
But the dollar's dominance continued
The fiat system replaced the gold standard
Under this system, the dollar became entrenched
will the dollar maintain its dominance?