US Dollar Dethroned: Only 60% Global Reserve Share Left
The US dollar dethroned from its long-held position as the world’s undisputed reserve currency is now a measurable reality. Recent data shows that the dollar’s share of global reserves has declined to approximately 60%, down from about 67% two decades ago. This gradual but persistent shift signals a significant transformation in global finance as central banks are increasingly diversifying their holdings away from the greenback. The ongoing de-dollarization trend represents, at the time of writing, one of the most consequential changes in the international monetary system in decades. Also Read: Tesla (TSLA) vs BYD: $157B Giant’s 416K Sales Outpace Musk’s $200B Robotaxi Bet The Decline of Dollar Dominance in Numbers Source: iStock The dollar’s position in global reserves has eroded steadily over the past 20 years. This shift reflects a deliberate diversification strategy by central banks worldwide as they seek to reduce dependency on any single currency and also to prot...