this post was submitted on 16 Jun 2023

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U.S. dollar’s share of global foreign exchange reserves has fallen from 73% to 58% over the last two decades. Taking into account, the currency exchange rates, dollar’s actual share is 47%. (archive.ph)

submitted 1 year ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[–] Skooby1@lemmy.world 3 points 1 year ago

Dedollarization has begun. Takes a long time to get dollar denominated debts off balance sheets and to replace it with alternatives though.

Slowly but surely.