Global De-Dollarization Trend Speeds Up—JPMorgan Warns What Comes Next
The global de-dollarization trend has reached a critical point right now, with JPMorgan Chase reporting that US dollar reserves have fallen below 60 percent for the first time in two decades. As 71 countries de-dollarize their holdings, central banks are shifting toward gold at unprecedented rates, and this raises serious concerns about the future of American economic dominance. Also Read: JP Morgan UK Slowdown Signals De-Dollarization Explodes Globally 71 Countries De-Dollarize While Gold and JPMorgan Warnings Rise Source: goldavenue.com JPMorgan Issues Warning on Accelerating Shift The global de-dollarization trend shows up clearly in the numbers at the time of writing. Total holdings of dollar-denominated securities by central banks fell by $59 billion in 2024, and this decline has been accelerating. As of last year’s end, dollars made up just 57.8 percent of global reserves—the lowest since 1994 and a 7.3 percent decline over the past decade. In 2002, dollars accounted for ab...