Close Menu
    What's Hot

    Strategy Increases Bitcoin Holdings in Response to Price and Stock Appreciation

    Aug. 11, 2025

    El Salvador Allows Major Banks to Provide Bitcoin Services to High-Net-Worth Clients

    Aug. 10, 2025

    Bitmine Aims for 5% of Ethereum Supply in Ambitious Accumulation Strategy

    Aug. 10, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    Chain Tech CatcherChain Tech Catcher
    Subscribe
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano
    • All Posts
    Chain Tech CatcherChain Tech Catcher
    Home » Developing Nations Shift from Dollar to Domestic Currencies
    News

    Developing Nations Shift from Dollar to Domestic Currencies

    By adminAug. 12, 2024No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Developing Nations Shift from Dollar to Domestic Currencies
    Developing Nations Shift from Dollar to Domestic Currencies
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Central banks in many developing countries are increasingly diversifying their reserves towards gold and their own currencies, reducing their reliance on the US dollar.

    This shift is driven by concerns over the massive US national debt, which has reached $35 trillion. If the global market experiences a downturn or recession, it poses a risk. Emerging economies, especially the BRICS countries, are actively reducing their dependence on the US dollar while strengthening their own currencies.

    The share of the US dollar in global reserves has significantly declined. According to a report by the Atlantic Council, its share currently stands at 59% of global reserves, compared to 72% in 2002. Over the past 13 years, the US dollar’s share in global reserves has decreased by 3%, while the share of the Chinese yuan has increased by X%.

    Furthermore, the euro has also experienced a decline, dropping from 28% in 2019 to 20% in 2008.

    Read More:

    Kamala Harris is leading Donald Trump in market predictions for the US election.

    The BRICS countries are pushing for the use of their own currencies in international trade, which puts additional pressure on the US dollar. If this de-dollarization trend continues, the future share of the US dollar in global reserves may fall below 50%, potentially leading to severe financial instability and market turmoil in the United States.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleExperts predict Bitcoin to reach 175000 in this market cycle
    Next Article Galaxy Digital Launches New 260000 Cryptocurrency Fund

    Related Posts

    El Salvador Allows Major Banks to Provide Bitcoin Services to High-Net-Worth Clients

    Aug. 10, 2025

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    JPMorgan Launches Blockchain-Driven Repo Settlement Platform

    Aug. 7, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025126 Views

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 202513 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views
    Don't Miss

    Strategy Increases Bitcoin Holdings in Response to Price and Stock Appreciation

    Bitcoin Aug. 11, 2025

    Michael Saylor’s Strategy has once again increased its Bitcoin reserves, adding a smaller but nota…

    El Salvador Allows Major Banks to Provide Bitcoin Services to High-Net-Worth Clients

    Aug. 10, 2025

    Bitmine Aims for 5% of Ethereum Supply in Ambitious Accumulation Strategy

    Aug. 10, 2025

    SUI Targets $7 as Support Level Remains Strong

    Aug. 10, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    Keep up with blockchain through Chain Tech Catcher. Gain insights on crypto, DApps, & innovations. Stay informed in this evolving landscape!

    X (Twitter) Telegram
    Most Popular

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025126 Views

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 202513 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views
    © 2025 Chain Tech Catcher All rights reserved.
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano

    Type above and press Enter to search. Press Esc to cancel.