US Dollar Reserves Sink to 46%, Matching 1991 Crisis Levels
The US dollar has reached a 26-year low in global reserves, now making up just 46% of the total. With a 15-point loss in share since 2017, the currency is facing a level of skepticism not seen since the 1990–1991 recession. During that era, a geopolitical vacuum helped the dollar rebound, but the current trend points to deeper structural changes.
Central banks worldwide are diversifying, leading to this sharp decline. As the dollar falls below the critical 50% mark, market analysts are drawing parallels to the inflation-heavy crises of the past, questioning what will stabilize the currency this time.
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