Is the US Dollar's Dominance Truly Fading in 2026 - Kavout | AI
Is the US Dollar's Dominance Truly Fading in 2026 - Kavout | AI
Source: Kavout | AI
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DW NOTE
The dollar's reserve share has fallen from 71% in 1999 to 58% in 2024, but calling that a "fading dominance" misses the mechanism. Every viable alternative is either pegged to the dollar, suppressed by capital controls, or issued by a central bank that can't credibly commit not to inflate. The yuan's share of global reserves is 2.3% after two decades of internationalization efforts. That's not a competitor, that's a rounding error with a propaganda budget.