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المشهد العربي
Demon predicts decline of dollar as reserve currency
Jamie Dimon, CEO of JPMorgan Chase, warned of the potential decline of the dollar's status as a major global reserve currency if the United States fails to maintain its economic and military supremacy. He pointed out that the world's continued reliance on the dollar, which holds about 57% of global foreign exchange reserves, reflects the strength of the currency. However, its decline from over 70% at the beginning of the century raises concerns. Dimon also emphasized the importance of reducing Washington's dependence on China for securing strategic metals, criticizing the country's two-decade delay in addressing this dependence. He noted that recent conflicts have exposed gaps in American production capacity needed to withstand prolonged crises.
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