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De-dollarization Trend Accelerates as Asia Reduces USD Holdings
De-dollarization Trend Accelerates as Asia Reduces USD Holdings
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The US dollar’s global dominance faces mounting pressure as de-dollarization gains momentum. Devere Group CEO Nigel Green warns of cracks in dollar supremacy, citing declining USD reserves among Asian central banks and sovereign wealth funds. This shift carries profound implications for global markets and traditional investment portfolios.
Central banks worldwide have trimmed USD reserves by over $800 billion since 2021, with China, India, and Gulf states leading the diversification charge. The trend reflects growing geopolitical tensions and search for alternative settlement currencies in commodity markets.
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