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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)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 years ago

Dedollarization has begun. Takes a long time to get dollar denominated debts off balance sheets and to replace it with alternatives though.

Slowly but surely.

[–] Rumblestiltskin 1 points 2 years ago

There will be many Americans who claim it is still 58% so it is still the reserve currency but the main point is the rate of change. And it is pretty quick.