New York Fed Analyzes Global Dollar Reserves: Dollar Share Declines, but 'De-dollarization' Narrative Is Overstated - Moomoo
New York Fed Analyzes Global Dollar Reserves: Dollar Share Declines, but 'De-dollarization' Narrative Is Overstated - Moomoo
Source: Moomoo
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DW NOTE
The New York Fed is describing a process that has been underway for two decades as if it were a hypothetical. The dollar's share of global reserves has fallen from 73% in 2001 to roughly 58% today — a measurable structural shift — but because the yuan holds less than 3% and no credible alternative exists, the Fed frames this as "overstated narrative" rather than gradual erosion. The fact that de-dollarization is slow does not mean it is not happening.