Reported 8 months ago
A recent study by the Atlantic Council's GeoEconomics Center shows that the US dollar continues to be the primary global reserve currency, with no reduction in reliance on the dollar from the Euro and BRICS countries. Despite efforts by BRICS nations to establish a currency alliance following sanctions against Russia, there has been no progress in de-dollarization. The report also highlights concerns about the Euro's international position due to geopolitical risks and lack of economic stability, with investors turning to gold as an alternative. The study emphasizes the strengthening position of the US dollar amidst economic growth, tight monetary policy, and increased geopolitical risks.
Source: YAHOO