Insight - Is the US dollar’s primacy at risk?

The US dollar’s share of the world’s foreign exchange reserves has been falling gradually, and the structural changes in world economic and financial order as well the evolution of financial technology have weakened the dollar’s market share in global cross-borders payment systems.

FOR decades, this question has been resurfacing: Will the US dollar continue to be the world’s dominant reserve currency and continue to dominate the international monetary system?

The US dollar’s share of the world’s foreign exchange reserves has been falling gradually, and the structural changes in world economic and financial order as well the evolution of financial technology have weakened the dollar’s market share in global cross-borders payment systems.