The dollar's share of global FX reserves declined from about 70% at the turn of the millennium to about 58% now, but the dollar's loss was not the euro's gain — the euro held stable around 20% while non-traditional reserve currencies and gold absorbed the shift.
factualpending
Speaker
Moritz SchularickEvidence Quote
“the dollar's loss if you will was not the euro's gain”
Created: 6/18/2026, 1:57:48 PM
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