The SDR as an alternative to the dollar
The weaponisation of the dollar by US authorities represents an opportunity to reconfigure usage of the SDR, argues Warren Coats
The dominance of the US dollar in pricing and paying for internationally traded goods and services has benefited the US, including by securing the investment of foreign governments in the US (largely in US government debt). Some 58% of central bank foreign exchange reserves are denominated in US dollars. Meanwhile, 54% of exports are invoiced in dollars and 88% of foreign exchange transactions take place in dollars.1
An article published by Central Banking in March referenced an estimate that the
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