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Dollar Dominance Eroding Slowly But Surely

Barry Eichengreen said foreign reserves fell from 70% in 2000 to under 58% in early 2025 as governments seek alternatives to the dollar.

Summary by Naked Capitalism
The dollar’s role as reserve currency has been eroding gradually. Rash action has accelerated the trend but not as much as you may think.

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Dollar Dominance Eroding Slowly But Surely

The dollar’s role as reserve currency has been eroding gradually. Rash action has accelerated the trend but not as much as you may think.

·New York, United States
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YAKARTA – The role of the US dollar as a world reserve currency has gradually eroded for decades. However, various Washington policies, including some deliberately unexpected recent measures, have sometimes accelerated dedollarization. Dollarization Despite warnings from John Keynes (1883-1946) and other great economists about possible problems [...]

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IPS broke the news in Rome, Italy on Tuesday, September 1, 2026.
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