The U.S. dollar’s position as the world’s dominant currency has come under pressure as countries and central banks explore alternative currencies and diversify their reserve compositions. While the U.S. continues to dominate global financial markets and the dollar is unlikely to be unseated anytime soon, the challenge to the dollar-dominated uniform currency system has begun.

The release of the International Monetary Fund's 2012 Economic Outlook, hosted by Gateway House and the IMF on May 7th, was quoted in a news article by First Post, an Indian news website. The report outlines analysis and projections of economic developments in Asia-Pacific for the year 2012.