/biz/ - Business & Finance

>>55999135
you can laugh all you want, the dollar is at a historical low of central bank reserves
and this doesn't even include gold which is over 10% and been steadily growing since the financial crisis

>>55928055
>"The greenback's share of official FX reserves fell to a 20-year low of 58% in the final quarter of 2022, and 47% when adjusted for exchange rate changes, according to International Monetary Fund data."

>>55690513
I like to still discuss the stocks. The fact that I'm even investing internationally is a massive point of contention to the investing community.

>>55677820
dedollarization is actually the biggest paradigm shift

>>55671021
He's worried because the writing on the wall is that inflation will only get more persistent and impactful from here on out. We won't be able to offshore it as easily now

Dedollarization is accelerating
>https://www.reuters.com/markets/signs-de-dollarisation-emerge-dollar-top-currency-jpmorgan-2023-06-05/

>While the greenback's share of FX trading volumes remains just shy of record highs at 88% and its use in trade invoicing has not changed much over the last couple of decades, other areas have seen an erosion.

>In the FX reserves held by central banks around the world, for example, its share has declined to a record low of 58%.

>Although that is still by far the largest share of any global currency, it drops further when accounting for gold, which now comprises 15% of reserves versus 11% five years ago.

Gold reserves have increased by 50% and the US dollar is at the lowest its been in decades.

reminder that dedollarization means stronger inflation

>>55621924
Shockingly enough its not BRICS that are a threat to the US dollar but countries just trading in their own currencies. ASEAN dropped it, India is using rupees, Brazil dropped the dollar, there is a huge list.

The US dollar is at a record low of central bank reserves in the world and normally that's whats let us offshore so much inflation. We essentially levy a tax on the rest of the world. The lower the percent of dollars goes down the more and more america itself will have to bear the weight of inflation and the fed's policies.