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US Dollar Will Lose Reserve Currency Status, Harvard's Niall Ferguson Says

The US dollar will eventually lose its status as the international reserve currency to the Chinese yuan, perhaps withing five years, Harvard University historian Niall Ferguson said at a presentation in the Diggers and Dealers conference in Kalgoorlie, Western Australia, today. Investors are moving toward a “de facto” gold standard, he said.

To contact the reporter on this story: Jason Scott in Perth at jscott14@bloomberg.net

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