Part 7/8:
- Brazil and China have announced agreements to settle cross-border trades using the Yuan, ditching the dollar altogether.
Decline of U.S. Dollar Reserves
The implications are profound. The percentage of global reserves held in U.S. dollars has decreased from 72% in 1999 to approximately 59% today. This trend reflects diminishing reliance on the dollar and signals a move toward a multipolar monetary system.
What Does This Mean for Global Stability?
The rapid economic and diplomatic shifts suggest a fundamental transformation of the international order. While Western nations, particularly the United States, may be slow to recognize or respond to this realignment, the world is clearly trending toward a new balance of power.