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%.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 1 year ago

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%.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 1 year ago

Exactly, it’s the overall trajectory that matters here. The other factor is that it’s a self reinforcing process, the more countries move off dollar to do trade the easier to becomes for other countries to do so.

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