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, ...

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

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 ...

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.

Federal Reserve Governor Christopher Waller outlined the case for the world continuing to use the U.S. dollar as the primary reserve currency for international trade in remarks on Thursday. "Recent ...

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 ...

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.

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 ...

In the most uncertain era of our lives, there are still a few sure things: Death. Taxes. And the dollar’s status as the world’s reserve currency. On second thought, you might want to strike that last ...

Gold has long been an asset that central bankers prefer to hold on their balance sheets. Today, with global finance digitizing by the month, an asset born entirely on the internet is now auditioning ...

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 ...