According to the latest data from the International Monetary Fund (IMF), the US dollar’s share in global currency reserves has declined to 57.8%, marking the lowest level in the past 30 years. This trend indicates a serious acceleration in the de-dollarization process in the global financial system. Central banks of countries are increasingly diversifying their currency reserves and turning to currencies like the Euro, Japanese Yen, and even the Chinese Renminbi instead of relying on the dollar. While the Euro still holds the second position with a 20% share, the Renminbi is stabilizing its position at 2.2%. Experts warn that the continuation of this trend could have serious implications on the economic power and geopolitical influence of the US, especially as US government debts are increasing and various countries are seeking to reduce their dependency on the dollar.
