IMF data shows gradual decline in dollar's share of global reserves | World Business Watch
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- Опубліковано 10 чер 2024
- Now, we look at whether the dollar is losing its global dominance. International Monetary Fund's data reveals that US dollar's dominance as the world's primary reserve currency is slowly eroding. While it remains the most widely held reserve currency, the share has been declining for the past two decades. This trend continues despite recent strength in the dollar itself.
#internationalmonetaryfund #dollar #currency
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Give 5% in interest but inflation is 12%. Basically all the countries losing 7% of value they hold.
Petrodollars are a false problem: in 1980, oil accounted for 7% of world GDP, today it's 3.8%. Why is this? Because world GDP has multiplied by...4. To sell crude products is to remain poor, as demonstrated by the fact that Russia sells crude oil at around 0.5 euros per liter (80 euros per 159-liter barrel).
But in Europe, this oil is used to make plastic toys such as Lego or playmobil, which are sold in Russia for over 200 euros a kilo. Let's just say that it takes 5 liters of oil to produce 1 kg of plastic, and the manufacturing process creates wealth 100 times greater than the price of the raw product. That's the secret of Europe's wealth: processing raw materials yields 100 times the price of those raw materials. Another example is cocoa: raw cocoa sells for 4 euros a kilo. Go and look at the price per kilo of kinder eggs: it's 54 euros per kilo, it's written very small and it's basic chocolate. Now that's business! Europeans earn 10 times the price of the raw product thanks to the value added by processing. By making plastic objects or selling chocolate as a finished product, Africa or Russia would earn between 10 and 100 times more...selling raw products means condemning oneself to poverty. Petrodollars have nothing to do with it, they should be used to create factories and research, not to maintain a few families in the luxury of vain billionaires.
The problem is US treats dollar paper money like natural resources, which it is not.
B8den n yellen treats USDs as Hell monies where US Govt can weaponise as if its at Lucifer's Command to sanction US nemesis
Talk about the end of petrodollar between Saudi Arabia and USA
do some legitimate research from real sources, that is a false story. There was no 50 year contract that was suddenly broken.
@@PeterSedesse its official lol
@PeterSedesse they made the deal 50yrs ago
If you dont know just keep quiet n dont humiliate yourself
It is not real.
Finally a meaningful report, without the climate, bird flu fear pron stuff!
Very dangerous given the fact that US debt is all time high.
This will end the monopoly 😂
When you use the dollar as a weapon, this was bound to happen.
Not losing they lost😂
cant loose when u have the number army.
N poverty rate increasing @@deshawnbrowne2891
@@deshawnbrowne2891 bhonki Aaaw
@@deshawnbrowne2891against brics, usa is a child
in army
All the Best to BRICS
Finally a good report 😮
Now it might be 46 countries, very soon it will be 90 countries then 150 countries or more then it will be almost all countries.
Many rich countries now have gold reserves. Even if America goes into depression, they will stay afloat.
return my country gold please?
United States - 8,133.47 t
Germany - 3,355.14 t
Italy - 2,451.84 t
France - 2,436.5 t
Those are the 4 leading gold holders right now.
yes the world should use gold standard and for ur knowlegde no one is attacking usa
if gold is used , the usa just cant use dollar as a weapon. Dollar dominance will be over
and all world country will be equal.
The multipolar world
You can't compare any of those countries with Indian
Indian government gold reserve only 800 tons but
Indian households hold the largest private reserves of gold in the world, estimated to be around 25,000 tons. Gold is considered a symbol of wealth, prosperity, and a safe investment in India. It's commonly used in jewelry, religious ceremonies, and as a form of financial security. This cultural affinity for gold makes Indian household gold reserves the largest globally.
Do you know how much Indian household gold 25 k tons @@PeterSedesse
1. Diversification: With the decline in the dollar's share of global reserves, central banks are able to diversify their reserves into other currencies, reducing the risk associated with relying too heavily on one currency.
2. Reduced dependency on the US economy: A lower share of global reserves held in dollars means that central banks are less dependent on the health of the US economy, allowing for greater flexibility in managing their reserves.
3. Increased stability: Diversifying global reserves away from the dollar can help stabilize global financial markets and reduce the likelihood of currency crises.
4. Enhanced economic cooperation: A more balanced distribution of global reserves can promote greater economic cooperation among countries and encourage the development of alternative international financial systems.
5. Promotes multipolarity: A decline in the dollar's share of global reserves can contribute to a more multipolar world order, with multiple currencies playing a significant role in the global economy.
Advantages
Dollar very dangerous currency
IMF data shows but no data had been shown. Misleading...
Very very good initiation, Multipolar world with peace has to emerge.....
Where is the data where is the trend , show numbers at least
They don't because the only thing it would show is that Yes, the USD is losing a few %, it is the Euro that is gaining it. The percent of the world reserve that is USD and EURO is actually increasing. This has nothing to do with sanctions, or the global south, it is the fact that the EURO was created in 1999 and is taking some share away from the USD gradually over time.
Gold is clearly the interim new reserve, will be till the new currency rises.
Which currency that is is speculation, could be Yuan, could be Euro, could be some new currency like BRICS, but till then it's going to be the one and only Gold.
It's not going to be Euro for sure.
Well 19 of the g20 countries are in advance stages of a cbdc. .
USD+Euro is 92% of the world's reserves. The dollar is losing a little bit, but it is the EURO that is gaining...
Good job
Wonder how long can the 46 last?😊
46 G20 countries😂😂😂😂
How come 42 countries in G20
It went down 0.6 percent? is it reallly that low?
Yesss
About bloody times!!!!!!!!!!!!!!!!!!
Allhamdullila
1:57 What does a collapsed building with smoke do with de-dollarization? lol
💸💸💸💸
That’s fine we will still be on top for many years to go
Still $1 = 83.50 Rupis, its not helping India. Rupee is so weak.
India stinks!!!!!!
Do you know Indian households hold the largest private reserves of gold in the world, estimated to be around 25,000 tons. Gold is considered a symbol of wealth, prosperity, and a safe investment in India. It's commonly used in jewelry, religious ceremonies, and as a form of financial security. This cultural affinity for gold makes Indian household gold reserves the largest globally.
Don't worry By next year in 4th quarter there will be a huge trim in the doller and rupees
Top 4 countries holding gold reserves... for those thinking that the global south is anything
United States - 8,133.47 t
Germany - 3,355.14 t
Italy - 2,451.84 t
France - 2,436.5 t
The USA holds twice as much gold as China and Russia combined.
Is it a sign for some regime change ops!🧟🙀
I still choose dollar for my trip or tour. It's more valuable
Will this lead to one global crypto?
Twillight of USD
Petrodollars are a false problem: in 1980, oil accounted for 7% of world GDP, today it's 3.8%. Why is this? Because world GDP has multiplied by...4. To sell crude products is to remain poor, as demonstrated by the fact that Russia sells crude oil at around 0.5 euros per liter (80 euros per 159-liter barrel).
But in Europe, this oil is used to make plastic toys such as Lego or playmobil, which are sold in Russia for over 200 euros a kilo. Let's just say that it takes 5 liters of oil to produce 1 kg of plastic, and the manufacturing process creates wealth 100 times greater than the price of the raw product. That's the secret of Europe's wealth: processing raw materials yields 100 times the price of those raw materials. Another example is cocoa: raw cocoa sells for 4 euros a kilo. Go and look at the price per kilo of kinder eggs: it's 54 euros per kilo, it's written very small and it's basic chocolate. Now that's business! Europeans earn 10 times the price of the raw product thanks to the value added by processing. By making plastic objects or selling chocolate as a finished product, Africa or Russia would earn between 10 and 100 times more...selling raw products means condemning oneself to poverty. Petrodollars have nothing to do with it, they should be used to create factories and research, not to maintain a few families in the luxury of vain billionaires.
How we in the third worlds countries love to make it happen very soon.❤❤❤
If currency not backed by goods and services or limited supply,no currency can sustain itself as reserve currency 💵
Plse dont broadcast LIES. All these countries are receiving US$ payments for their slave goods n services.
All the best to BRICS. We are tired of us $ . The value of us $ should be depressed by at least 80%. It's over prices yet.
46 of G-20 countries 😂
Wondering if with two
Country then it’s justified but if one dominance declined lead to other that’s worry some. if chinese Yuan become dominant then u know what will be the outcome..
Old news. USD had been used less and less since the 1980s.
DESAMERICANISATION ET DEDOLLARISATION
China holds so much as US t -bills
this is somewhat false. The % share of global reserves of USD and Euro have been increasing. Yes, the US dollar is losing slowly, but it is the Euro that is gaining. It is not like China or India or the global south that are gaining. The Euro was only created in 1999, and obviously is involved in so many major countries that it deserves to sit beside the USD as the world's default currency... nothing wrong with the USD losing some dominance as long as it is our allies in Europe that are the ones gaining it. If you add the USD, the Euro and the UK pound, it is close to 92% of the world's currency reserves.... add on allies like South Korea and Japan, and you are now getting close to 95%.
Don't use dollar, use your toilet paper. Maybe you can buy more.
Best news I heard today
😂
Dollar will be valueless paper soon
Multipolar world 🌎 ♥️
Yes to De Dollarization..American Dream to American Nightmare..The end of the American entitlement mindset..
We all want dollar it's high value all that doesn't use it are just their ego pretending or in denial stage😂
The Dollar is the world currency of choice. Wishful thinking can’t change that. Instead of making stupid remarks about the Dollar, report on the structure of developing economies and how that can be developed to have a more competitive position relative to the developed world. The currency you work in is not within your scope to do anything about at this point
BRICS chalenge NATO in another level
We love dollar and the American people
We dont give a crap about this opinion
@mbonisenimutaheli1204 just like when China enslave Africa. No one is going to care😂.
@mbonisenimutaheli1204 we don't care how you feel about it either
😂 the dollar will never fall. Watch!
Dollar is the king. Yes it's slowly losing it's shine but in our lifetime dollar will be the preferred currency.
Dollar is not safe to hold. They can be sunction and seize.
Seems like you are few years away from dying.
How about rupee? The joke in the world.
the rupee is fine thanks to america. rupee is strong as long as war and there will be war for years to come plus africa plus others buying russia military equipment from now on.for the next 20years atleast or till ww3 which we will have in the next 20years.RUSSIA never been so strong americans are blind...
India is set to be the next super power only country with a population younger people outnumber the older people
You are one !
I was just going through your comments in various videos. You seem frustrated in life. What happened? Your wife left you? Erectile dysfunction? Bullied?
then return 45 trillion debt first
Yuan n ruble are toilet paper in other countries
Not true. I went to Laos recently and some supermarkets take yuan.
Saudi Arabia n Brazil are trading in yuans billions worth of goods n services
Lithium is priced in yuan, not dollar. Also yuan denominated oil is traded in various exchanges now. Toilet paper?
yes, toilet tissue.
He don't know yuan is gold bon 😂😂😂@@ciybersal3499
U can't beat the dollar.... what currency Will replace it😑😑😑😑
nope...none can beat the "mighty" dollar..but the saying goes...if you cant beat it, then join it...thus gold has become a tier 1 asset and everyone throughout financial & trade history will want & accept gold...in what form & shape..well..wait for Kazan, Russia
Gold back currency.
You think just like Germany before it economy collapse.
If you "couldn't beat the dollar", Iraq and Libya wouldn't have been the subjects of US war crimes for actively trying to replace the dollar in their trading activities.
19 of the g20 are in advance stages in developing a central bank digital currency.
Gold and Bitcoin my friend.
also BRICS are planning to make their own currency to fight US dollar.
It'll lose it's shine completely after 20-25 years......
It's a long process and within this period BRICS has to ask so many other countries to join their system,then maybe it's possible