U.S. dollar’s share of global foreign exchange reserves has fallen from 73% to 58% over the last two decades. Taking into account, the currency exchange rates, dollar’s actual share is 47%.
U.S. dollar’s share of global foreign exchange reserves has fallen from 73% to 58% over the last two decades. Taking into account, the currency exchange rates, dollar’s actual share is 47%.
archive.ph
archive.ph
Dedollarization has begun. Takes a long time to get dollar denominated debts off balance sheets and to replace it with alternatives though.
Slowly but surely.