close
close

Share of world reserves in the US dollar falls below 60%


Share of world reserves in the US dollar falls below 60%

Central banks in most developing countries are now diversifying their allocations with gold and other local currencies. The US dollar is under scrutiny as it has $35 trillion in debt that could wreak havoc on their domestic economies in the event of a market crash or recession. The BRICS countries are leading the way in […]