Welcome back. We concluded Part 1 with the following observations: Since 2000 the share of the dollar in global reserves has fallen from 70 to 59 percent in 2021. [T]he shift out of dollars has been in two directions: a quarter into the Chinese renminbi, and three quarters into the currencies of smaller countries that have played a more limited role as reserve currencies.
Perspective on Risk - Apr. 12, 2022 (Pt. 2)
Perspective on Risk - Apr. 12, 2022 (Pt. 2)
Perspective on Risk - Apr. 12, 2022 (Pt. 2)
Welcome back. We concluded Part 1 with the following observations: Since 2000 the share of the dollar in global reserves has fallen from 70 to 59 percent in 2021. [T]he shift out of dollars has been in two directions: a quarter into the Chinese renminbi, and three quarters into the currencies of smaller countries that have played a more limited role as reserve currencies.