Kathmandu. Is a bad day about to start for the dollar? Will the dollar cease to be the dominant currency in the world, or has the world found an alternative? <\/p>\n
A survey has revealed this by raising all these questions. According to the survey, Reuters said that the world is now preparing to reduce the dollar reserves. This is a global first. <\/p>\n
The survey was conducted by the official Monetary and Financial Institutions Forum (OMFIF). For the first time, the survey revealed that central banks plan to reduce the share of the US dollar in their foreign exchange reserves over the next 10 years. This indicates that the world wants to diversify its foreign exchange reserve portfolio. <\/p>\n
Why was there only talk of raising dollars in the past? <\/strong><\/span><\/p>\n In fact, the dollar is considered to be the most stable currency in the world and countries around the world trade with each other in dollars. Whether it is oil imports or food exports, transactions have always been done in dollars. But now the situation is slowly changing. Many countries have begun importing and exporting in local currencies and seem dissatisfied with pressure politics from the United States. <\/p>\n Why is there talk of reducing the dollar ? <\/strong><\/span><\/p>\n According to the survey, central banks see three major risks posed by the dollar. Most important is U.S. political uncertainty. This has raised questions about the stability of the dollar. <\/p>\n The second is U.S. geopolitical tensions with many countries. This has led to significant fluctuations in the dollar. The dollar has seen significant volatility, especially during the Iran war. <\/p>\n The third major reason is the multipolar nature of the global financial system. This means that most countries are now trading with each other in different currencies, not just dollars. This means that countries around the world no longer want to rely solely on the dollar. <\/p>\n Which currency is most preferred as an alternative to TAG_OPEN_strong_34 the dollar? <\/strong><\/span><\/p>\n At present, there is no immediate clear alternative to the dollar. But if this continues, the world will soon abandon the dollar and move on to another currency. The poll shows that the most preferred options for the dollar include gold, the euro, the British pound, the Chinese yuan, the Norwegian krone and the New Zealand dollar. However, the survey also noted that the euro and the yuan have their own limitations. As a result, they cannot replace the dollar entirely. <\/p>\n Gold reserves are increasing<\/strong><\/span><\/p>\n }<\/p>\n A Reuters report said a record number of central banks were planning to increase their gold reserves. For many countries, gold is now the primary means of safeguarding against geopolitical risks and diversifying reserves. <\/p>\n Will the dollar fall? <\/strong><\/span><\/p>\n The survey report said that the dollar’s dominance will not end as the dollar has become the world’s largest reserve currency. Its role as a safe haven for international trade, investment and safe haven remains strong. The change is gradual, not abrupt. \u2013 Agency<\/p>\n","protected":false},"excerpt":{"rendered":" Kathmandu. Is a bad day about to start for the dollar? Will the dollar cease to be the dominant currency in the world, or has the world found an alternative? A survey has revealed this by raising all these questions. According to the survey, Reuters said that the world is now preparing to reduce the […]<\/p>\n","protected":false},"author":16,"featured_media":199975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-305318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/305318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=305318"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/305318\/revisions"}],"predecessor-version":[{"id":305319,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/305318\/revisions\/305319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/199975"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=305318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=305318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=305318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}