Nowadays, the U.S. only accounts for about a quarter of the global economy, but more than 57 per cent of the world’s official foreign currency reserves are in dollars, according to the International Monetary Fund (IMF). While much has been made of its relative decline in central bank reserves over the past few decades, the […]
Breadcrumb Trail Links Investor Trump reelection expected to undermine U.S. dollar’s status as the world’s reserve currency Author of the article: Bloomberg News Carter Johnson and Yvonne Yue Li Published Jul 30, 2024 • Last updated 0 minutes ago • 3 minute read A one kilogram gold bar at the ABC Refinery facility in Sydney, Australia. […]