Foreign governments hold reserve currency in their central banks to help reduce the risk of exchange rate fluctuations. A reserve currency is also used to price commodities that all economies need, ...

Discover how dollarization stabilizes fledgling economies and attracts foreign investment by replacing the local currency with the U.S. dollar for safety.

The rise of China as an economic powerhouse in global trade in recent decades has sparked concerns about the long-term status of the U.S. dollar as the world’s primary reserve currency, which it has ...

See the world’s most powerful reserve currencies ranked by global central bank holdings. IMF data shows which currencies ...

The dollar is the global reserve currency. This has long been called the “exorbitant privilege”. It’s considered a huge advantage for the U.S. that the dollar holds this status – or so the story goes.

Every few years, the economic and financial media run stories prophesying the end of the U.S. dollar’s role as a reserve currency, its replacement with the Chinese renminbi, and the supposed ...

The Chinese yuan is one of the top contenders challenging the USD's dominance as a reserve currency. However, Beijing may not be fully supportive of making the yuan the reserve currency of choice. Key ...

Discover what a national currency is, how it functions as legal tender, and its role in global trade and economic stability. Learn how currencies like the U.S. Dollar influence economies.

The dollar is the world's reserve currency, the backbone of the globalized economy. Would that remain the case if political instability throws the United States off-balance in an election year? Maybe.

If the last 700 years are any indication, reserve currencies have a shelf life of roughly 100 years. The U.S. dollar (USD) officially became the world reserve currency 77 years ago (Bretton Woods, ...

Another influential left-wing news organization opined this week that the United States dollar is losing its global reserve currency status. The piece argued that the European Monetary Union will ...

Some fear stimulus spending to offset the worst of the economic shutdown during the COVID-19 pandemic and the Federal Reserve's injection of billions into the economy threaten the U.S. dollar's ...