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Unusual Whales Pod Ep. 24: FEDERAL PAUSES RATE HIKES, The US Dollar Currency Dominance, Liquidity, and Refunding the Treasury

Unusual Whales

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The Risk of De-Dollarization of the US Dollar

In 2003 the us dollar accounted for roughly two-thirds of total global reserves by 2021 this had fallen to roughly 55 percent. From 2021 to 2022 the us dollar saw an eight percent decline from 55 percent to 47 percent ten times the average annual pace of decline which mind you was accredited largely to sanctions against rush of following the ukraine invasion. Yesterday when asked about the risk of de-dollarization jennett yellen said we should quote expect over time a gradually increased share of other assets in reserve holdings for countries indicating a gradual decline in us displace within those global reserves now bob i know forex isn't your full specialty but many listeners want us to discuss the us dollars dominance and if

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