59 Days
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الاقتصادية
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Standard Chartered: Global shift towards dollarization despite decline in dollar’s share of global reserves
Despite the decline of the dollar's share from global foreign exchange reserves to its lowest level in 25 years, experts at Standard Chartered Bank emphasize that the trend is not towards abandoning the dollar, but rather a "re-dollaring" process. Companies and investors continue to hold dollars as a primary financial safe haven, indicating ongoing demand for dollar-denominated assets. Evidence of this includes companies retaining their revenues in US dollars, as seen in Taiwan, as well as central banks increasing gold purchases and reducing reliance on the dollar. However, experts believe that currently there is no alternative capable of rivaling the dollar’s global status, thanks to its liquidity and the depth of American markets. The dollar remains the most attractive currency for safe haven investment, supported by the strength of the US economy and the Federal Reserve's stance. This explains the persistent flow of foreign investments and the market's reluctance to change this dynamic at present.
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