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USD as a percentage of global foreign reserves has fallen 10% in 20 years... from 70% to 60%. If "de-dollarisation" does happen it's going to take a LONG time.
by EscapeFromNY 3y ago
USD as a percentage of global foreign reserves has fallen 10% in 20 years... from 70% to 60%. If "de-dollarisation" does happen it's going to take a LONG time.
https://www.imf.org/en/Blogs/Articles/2021/05/05/blog-us-dollar-share-of-global-foreign-exchange-reserves-drops-to-25-year-low https://www.imf.org/en/Blogs/Articles/2021/05/05/blog-us-dol...
- rcMgD2BwE72F 3y agoThings usually start slow until they accelerate.
- dgfitz 3y agoOr stop, or turn around.
- TMWNN 3y agoBadly quoting Hemingway does not insight make. In any case, EscapeFromNY understated the dollar's historical position. The dollar's share of global foreign reserves in 2022 is almost exactly the same as in 1980 and in 1995, and 10 percentage points higher than in 1990. <https://en.wikipedia.org/wiki/Reserve_currency#Global_currency_reserves https://en.wikipedia.org/wiki/Reserve_currency#Global_curren...> As dgfitz said, "Or stop, or turn around".