All articles tagged with #currency reserves
By 2026, the US dollar's dominance is expected to weaken due to declining global trade reliance, shifting reserve holdings, rising US deficits, and the emergence of alternative payment and settlement systems like digital currencies and regional payment networks, which could accelerate the transition away from dollar-centric finance.
Argentina's central bank has sold over $1 billion in three days to support the peso amid a political crisis and declining investor confidence, raising concerns about the sustainability of its exchange rate policies and the country's economic stability.
Bolivia's economic fragility is causing a scarcity of US dollars, leading many Bolivians to withdraw their dollar deposits or rush to buy the US currency. The government blames speculation for the scarcity, while opposition politicians attribute it to the Central Bank running out of hard currency reserves. The scarcity has led to the emergence of a parallel market for the US dollar, reminding Bolivians of past economic woes. The country's reliance on commodities to carry the economy is no longer sustainable, and the government is facing social protests amid public criticisms of President Luis Arce's management.