IMF data shows gradual decline in dollar's share of global reserves | World Business Watch

Now, we look at whether the dollar is losing its global dominance. International Monetary Fund's data reveals that US dollar's dominance as the world's primary reserve currency is slowly eroding. While it remains the most widely held reserve currency, the share has been declining for the past two decades. This trend continues despite recent strength in the dollar itself.

#internationalmonetaryfund #dollar #currency

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[cricketcavalry]

Give 5% in interest but inflation is 12%. Basically all the countries losing 7% of value they hold.

[privacyhelp]

The problem is US treats dollar paper money like natural resources, which it is not.

[jrey]

Talk about the end of petrodollar between Saudi Arabia and USA

[rishithsingh]

When you use the dollar as a weapon, this was bound to happen.

[shaneinaz]

Finally a meaningful report, without the climate, bird flu fear pron stuff!

[vikramjeetsingh]

Very dangerous given the fact that US debt is all time high.

[marvelcomiks]

Many rich countries now have gold reserves. Even if America goes into depression, they will stay afloat.

[lavanyasenthil]

1. Diversification: With the decline in the dollar's share of global reserves, central banks are able to diversify their reserves into other currencies, reducing the risk associated with relying too heavily on one currency.

2. Reduced dependency on the US economy: A lower share of global reserves held in dollars means that central banks are less dependent on the health of the US economy, allowing for greater flexibility in managing their reserves.

3. Increased stability: Diversifying global reserves away from the dollar can help stabilize global financial markets and reduce the likelihood of currency crises.

4. Enhanced economic cooperation: A more balanced distribution of global reserves can promote greater economic cooperation among countries and encourage the development of alternative international financial systems.

5. Promotes multipolarity: A decline in the dollar's share of global reserves can contribute to a more multipolar world order, with multiple currencies playing a significant role in the global economy.
Advantages

[JCSY]

Now it might be 46 countries, very soon it will be 90 countries then 150 countries or more then it will be almost all countries.

[m.praveenkumar]

Very very good initiation, Multipolar world with peace has to

[brianharoldvidal]

IMF data shows but no data had been shown. Misleading...

[AMen-ywcr]

Gold is clearly the interim new reserve, will be till the new currency rises.
Which currency that is is speculation, could be Yuan, could be Euro, could be some new currency like BRICS, but till then it's going to be the one and only Gold.

[manohar]

Where is the data where is the trend, show numbers at least

[sharmana]

46 G20 countries😂😂😂😂
How come 42 countries in G20

[PeterSedesse]

Top 4 countries holding gold reserves... for those thinking that the global south is anything

United States - 8, 133.47 t
Germany - 3, 355.14 t
Italy - 2, 451.84 t
France - 2, 436.5 t

The USA holds twice as much gold as China and Russia combined.

[imfromisrael]

It went down 0.6 percent? is it reallly that low?

[proudtobeaninfidelkafirand]

Still $1 = 83.50 Rupis, its not helping India. Rupee is so weak.

[mateoleon]

That’s fine we will still be on top for many years to go

[Archer]

Yes to De Dollarization..American Dream to American Nightmare..The end of the American entitlement mindset..

[stephenwang]

Plse dont broadcast LIES. All these countries are receiving US$ payments for their slave goods n services.