Insight - In global forex reserve battle, US dollar to remain above the fray

That’s the view of two of the world’s leading experts on foreign exchange reserves and global capital flows, Barry Eichengreen and Eswar Prasad, who appeared on a Brookings Institution panel discussion this week entitled: “The future of the US dollar: Are its days as the world’s dominant currency numbered?”

A recomposition of the US$13 trillion (RM57.2 trillion) pile of global currency reserves would only tee up a battle for the euro’s second place in the rankings rather than threaten the US dollar’s central role.

That’s the view of two of the world’s leading experts on foreign exchange reserves and global capital flows, Barry Eichengreen and Eswar Prasad, who appeared on a Brookings Institution panel discussion this week entitled: “The future of the US dollar: Are its days as the world’s dominant currency numbered?”