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Will the dollar's hegemony fall? The largest US investment bank is suspended

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Will the dollar's hegemony fall? The largest US investment bank is suspended

   April 26 17:11
Information/follow up.

With concern growing among many analysts about the dollar losing its status as the world's reserve currency,

Goldman Sachs (GS) stated
that it does not believe the dollar era is over, believing that the dollar will remain dominant on the world stage for a long time.

Although GS acknowledges there is a clear risk if the US abuses its "exorbitant privileges",

the bank believes dedollarization is "just a lot of talk (again), not a lot of transaction".

"We don't see any evidence of that in the data yet (for example, Brazil's growing Chinese yuan reserve share has replaced the Canadian dollar, not the US dollar), and

we are confident there is no real competitor currently," Goldman Sachs said.  The bank stated that

"some of the decline in the dollar's share can likely be attributed to stable market forces, as

    treasury bonds fell and
    Asian central banks sold their dollar holdings to counter the rise in the dollar last year."

Goldman Sachs analysts also noted that

"in addition, the

    sanctions against Russia,
    Brazil's plans to implement yuan clearing agreements,
    speculation on the use of the yuan in commodity trade, as well as the
    banking crisis and the
    debt ceiling crisis in the United States

are not enough to replace the role of the dollar in world reserves or in trade.”

Indeed, analysts believe that

"other currencies still have to overcome many hurdles to reach the same status as the dollar," given the
    "depth of the capital market, the
    establishment of trust for access and the
    accompanying framework for legal and commercial billing and
    currency management systems." Ended/25 h

https://almaalomah.me/news/economy/هل-ستسقط-هيمنة-الدولار-أكبر-بنك-استثماري-أمريكي-يعلق


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