The greenback’s share in global reserves slid last year at 10 times the average speed of the past two decades as a number of countries looked for alternatives after Russia’s invasion of Ukraine triggered sanctions, Jen and his Eurizon SLJ Capital Ltd. colleague Joana Freire wrote in a note. Adjusting for exchange rate movements, the dollar has lost about 11% of its market share since 2016 and double that amount since 2008, they said.
“The dollar suffered a stunning collapse in 2022 in its market share as a reserve currency, presumably due to its muscular use of sanctions,” Jen and Freire wrote. “Exceptional actions taken by the US and its allies against Russia have startled large reserve-holding countries,” most of which are emerging economies from the so-called Global South, they said.
Who is this Jennifer?
Chilean conservatives: "You should put all your saving in dollars cause Boric is going to cause the peso to collapse
The dollar:
:shocked-pikachu:
Also
:biden-leftist:
Exactly. Boomer chuds don’t give two shits about what happens after they’re dead. To the point where ‘Who cares, I’ll be dead by then’ was basically their catchphrase
I have explicitly heard that from a boomer that I know. When I brought up “what about your children and grandchildren?” he didn’t seem to give a shit about them either
The dollar is a meme coin now
