Prior to the dominance of the U.S. dollar, the ____ was the world's most important reserve currency.

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Before the dominance of the U.S. dollar, the British pound was the world's most important reserve currency. This was during the time when the British Empire was at its height and its currency was widely accepted and used in international trade and finance. The pound remained a major reserve currency even after the rise of the dollar, but eventually lost its place due to the decline of the British Empire and the emergence of the United States as a global economic power.

Prior to the Dominance of the U