Does the word "overtook" refers to being "replaced"?
Native speaker’s answer
Rebecca
Although “replaced” can be used here to represent the idea of one currency being changed for another, the verb “overtake” is actually closer in meaning to “catch up to” “surpass,” or “pass.” It means to reach or catch up to something/someone, and then pass it in some way. Ex: The red sports car overtook all the other cars on the road. Ex: The underdog overtook the reigning champion.