The dollar will be king for the next 10 years

According to a survey of central banks, the dollar will retain its position as the world’s dominant reserve currency for the next decade.

Why is this important?

Russia, China, Saudi Arabia, India, Malaysia, Brazil, South Africa… in recent weeks mutual trade transactions will – at least partially – not be paid in dollars, but in Chinese yuan or Indian rupees. The devaluation of global trade may have been going on for some time in theory, but in practice the greenback has nothing to fear.

In the message. Conducted a survey Official Monetary and Financial Institutions ForumThe United Kingdom-based think tank Central Banks, which manages roughly $5 trillion in assets, expects the dollar’s share of global reserves to decline more gradually.

  • Currently, the dollar represents 58 percent of total reserves. This is expected to drop to 54 percent in 10 years

This premium article is for subscribers only

Read 3 articles per month for free!

Are you thinking about tomorrow’s future? Business AM is your guide through the transition. Stay behind the facts and be part of Flanders’ fastest growing business website.

Already a subscriber? Login and get access to all premium articles.
See also  Fuss: How comfortable was life in the 'cold' GDR?
Steeds opzegbaar
Al abonnee? Log inLog in en krijg toegang tot alle premium artikels.
Al abonnee? Log in en krijg toegang tot alle premium artikels.
-->

Ferdinand Woolridge

 "Subtly charming analyst. Beer maven. Future teen idol. Twitter guru. Lifelong bacon fan. Pop culture lover. Passionate social media evangelist."

Leave a Reply

Your email address will not be published. Required fields are marked *