Dollar dominance isn't going anywhere. Here are 5 myths about de-dollarization.
But for the most part, those efforts aren't amounting to much, and there's very little chance the dollar will be toppled by a rival anytime soon, three economists told Insider.1. Central banks are rapidly shedding the dollar as a reserve currency
The US accounted for 54% of foreign exchange reserves in the fourth quarter of 2022, down slightly from 54.8% recorded in the fourth quarter 2021, according to data from the "If you're transacting something to millions or billions just as a organization, or if you're looking to park your cash somewhere and want to it to be as resilient as possible, you're probably going to choose the US dollar because it's the least volatile of the currencies. That's that," Stark said.This claim also isn't supported by data. Of the 7.
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