SHOCKWAVES: Decline in Global Trade in Dollar Leaves USA & West Shocked!

The US dollar has held the position of the world’s reserve currency since the end of World War II. This dominance has allowed the United States to wield enormous influence over the global economy. But today, cracks are starting to appear in the dollar’s once unshakeable position, prompting concerns about whether its dominance is truly sustainable.
Let’s start with the data that’s sending ripples through financial markets. According to the International Monetary Fund IMF, the dollar’s share of global foreign exchange reserves has dropped from a high of 72% in 2000 to just around 55% in 2024. This isn’t a sudden drop; it’s been a steady decline over two decades, indicating a loss of confidence among central banks in the US dollar.

But why does this matter?
When central banks hold reserves, they’re essentially placing their trust in that currency’s stability. The US dollar has long been the preferred choice because it was considered stable, reliable, and backed by the world’s largest economy. However, the gradual reduction in dollar reserves suggests that countries are beginning to question whether the dollar still deserves this privileged position.
So, is the dollar declining?
Let’s find out.

Join this channel to get access to perks:
https://www.youtube.com/channel/UCX80qmC9baw6HXrSjfybdmQ/join

We are Changing the narratives Of Mother Africa through YouTube Videos..One Video at a Time…
It’s Time For Africans To Tell Their Own Story!
__________________________________________________________________

Remember to subscribe, and ring the notification bell, so that you do not miss any of our videos.

Email us for News Tips, content submission, ads partnership, collabos, sponsorship or content issues

All our videos are aimed at Educating, Informing, Reporting, Reviewing, Criticizing & Ranking everything African.

Copyright Disclaimer: Under Section 107 of the Copyright Act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, teaching, scholarship, and research.