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The US dollar is not collapsing. So why does its share of world reserves keep dropping every single year? The dollar is strong right now, close to its highest point in a year. Anyone predicting an imminent crash is wrong. The real story is slower and predictable. In 2000 the US dollar was 71 percent of global foreign reserves. Today it sits near 57 percent, and central banks keep moving a little more into other currencies and gold each year. Here is why. The United States now holds more than 39
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The US dollar is not collapsing. So why does its share of world reserves keep dropping every single year? The dollar is strong right now, close to its highest point in a year. Anyone predicting an imminent crash is wrong. The real story is slower and predictable. In 2000 the US dollar was 71 percent of global foreign reserves. Today it sits near 57 percent, and central banks keep moving a little more into other currencies and gold each year. Here is why. The United States now holds more than 39
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