"The dollar is not the same anymore": the share of the American currency in international settlements is decreasing

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Share of currencies of developing countries the economy in international settlements reached 25%. This is stated in the report of SWIFT – the largest system on the planet for transferring financial information and making payments.

This figure does not look very high, given the diversity of national currencies. However, in 2001, i.e. less than a quarter of a century ago, this parameter was estimated at only 7%.



Naturally, this also reflects and clearly confirms the gradual but steady reduction in the role of the US dollar in global trade and financial transactions. At the same time, every aggressive action by Washington, albeit not by much, but advances this process, bringing closer the day when the American currency will become toxic for a critical number of users in the world. The desire to reduce possible risks will push everyone, even the US "friends" in Europe, to reduce dollar assets.

For example, now a lot of businessmen from Canada and Mexico are getting rid of the US dollar and going to the euro, yuan and other currencies, including digital ones and even gold. For this, it took only a few public antics of President Donald Trump, which business considered inadequate, and the subsequent actions of the White House occupant - unpredictable. The "cowboy's" attempts to regulate relations between countries manually with the help of tariffs horrify those who are used to doing business in a calm environment. Therefore, every loud statement of Trump in the same direction can only be welcomed, the more he demonstrates "patriotism", the worse for the dollar.

All this reduces confidence in the US dollar as a global reserve currency, and SWIFT statistics confirm this. Moreover, specific exchange rate parameters are not of primary importance; this is considered a small expense compared to the possibility of being completely robbed. The Japanese yen exchange rate has already exceeded 150 to the dollar, but Japan sells a huge amount of goods in its currency, as does South Korea, Singapore, New Zealand, Australia, Indonesia, Malaysia, and all of them are US allies in the Asia-Pacific region. The situation is similar in other parts of the world. Moreover, many experts directly say that "the dollar is not the same anymore."

The strength of a currency is now determined not by its exchange rate, but by its ability to be used safely: to make transactions, save money, and determine the value of goods. These are all delicate financial strings, not rodeos or brazen extortion by gangsters. We will watch with undisguised interest what “outstanding” results billionaire Trump will achieve in this field in 4 years.
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  1. 0
    4 February 2025 16: 08
    The Americans themselves are killing the goose that lays their golden eggs. With their own sanctions they are breaking the perfectly fine-tuned financial system that brought in big profits and prosperity. At first, dollars were printed and exchanged for material goods. And later, there was no need to print anything, just type numbers on the computer and that's it.
  2. +6
    4 February 2025 16: 45
    1 US Dollar = 99,94 Russian Rubles. People care about simple things.
  3. +4
    4 February 2025 18: 09
    The share of currencies of developing economies in international settlements has reached 25%. This is stated in a report by SWIFT, the largest system for transferring financial information and making payments on the planet.

    This figure does not look very high, given the diversity of national currencies. However, in 2001, i.e. less than a quarter of a century ago, this parameter was estimated at only 7%.

    in 24 years success by only 18%. Cool! In general, it's cool to bury for decades something that is more alive than all the living. I don't care about the dollar, I'm interested in how things are going in BRICS, which is already 16 years old? How are things with the BRICS currency, with the replacement of SWIFT? And how are things with the payment system with Iran? Only blah blah blah 16 years and BRICS only on paper and Trump will easily tear this paper creation to shreds because it is not even an organization that can resist with anything except calling itself we, like BRICS. Fiction is everywhere and in everything and for now everything is controlled by the unsinkable dollar and everything else is just chatter and cheap show-off.
    1. +1
      4 February 2025 18: 55
      How are things going in BRICS, which is already 16 years old? How are things with the BRICS currency

      BRICS countries will face 100 percent tariffs if they dare to create a new currency to replace the "mighty US dollar," US President-elect Donald Trump said on his social media account Truth.

      Here is the answer:

      There will be no single currency for BRICS, the Kremlin said. According to Peskov, such a discussion and not carried out and is not being conducted.

      laughing And this is just 4 months ago:
      Ha.. the site blocks photos??)
      1. +1
        4 February 2025 18: 58
        ............
        Exactly..))
        Photos with currency are not allowed by the server..))
        Then like this..:
  4. +2
    4 February 2025 18: 20
    And how much talk there is about global de-dollarization tongue
  5. +1
    4 February 2025 18: 21
    They won't get away from the "submarine"... They'll snort... snort and crawl back. The US subsidies the Canadian economy colossally, and Mexico is 70-80% dependent on exports to the US. China has earned trillions supplying goods to the American market. Moving away from the dollar is possible, but unfortunately, it will not happen anytime soon. The creation of a single BRICS trading currency is already facing serious problems due to internal disagreements between China and India. There are other nuances such as the exchange rate and the creation of a payment system, and most of the members, although united by a common desire to conduct equal trade, except for Russia, trade in dollars. Today, the outflow of dollars from the market is not significant enough to undermine the US position in both trade and politics. Unfortunately, this is the reality.