BIS study finds no long-term decline of global dollar use
Reports of euro’s demise are also greatly exaggerated, researchers say
A new study from the Bank for International Settlements has found that the use of dollars in global finance remains prevalent, despite talk of the greenback losing its status as the world’s dominant currency.
In a paper published on January 22, Swapan-Kumar Pradhan, Eswar Prasad, Előd Takáts and Judit Temesvary examine the dollar’s evolving role by looking at the percentage of international debt securities (IDSs) denominated in the currency between 2000 and 2024. They define IDSs as “bonds listed
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