Hong Kong
2024-12-25 21:45
IndustryThe Dollar's Dominance Amid Global Shifts
The U.S. dollar remains a cornerstone of the global financial system, accounting for 58.2% of global foreign exchange reserves—higher than its share at the end of 1980. Despite rising challenges from BRICS nations and calls for de-dollarization, global uncertainty has driven nations to seek shelter in the dollar.
However, critics warn of its eventual decline, citing structural vulnerabilities and shifting geopolitical dynamics. The question remains: how long can the dollar maintain its dominance in a rapidly evolving global economy?
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The Dollar's Dominance Amid Global Shifts
Hong Kong | 2024-12-25 21:45
The U.S. dollar remains a cornerstone of the global financial system, accounting for 58.2% of global foreign exchange reserves—higher than its share at the end of 1980. Despite rising challenges from BRICS nations and calls for de-dollarization, global uncertainty has driven nations to seek shelter in the dollar.
However, critics warn of its eventual decline, citing structural vulnerabilities and shifting geopolitical dynamics. The question remains: how long can the dollar maintain its dominance in a rapidly evolving global economy?
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