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Dollar actually worth 9% less than what other currencies pay for it

Greenback's credibility challenged by Washington's ballooning deficit

The dollar's theoretical value is on the decline due to the pandemic.

TOKYO/NEW YORK -- The depreciating dollar is becoming a focal point of the coronavirus-hit global economy.

Downward pressure on the dollar remains as the greenback's theoretical value is now about 9% below its actual price. This reflects the U.S. government's ballooning debt, partly due to trillions of dollars in stimulus spending.

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