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foreign [Music] Woods conference in 1944 the U.S dollar has been the worlds Reserve currency now this status dictates that the majority of Global Currency reserves are held in dollars the upside of this is that for decades theres been a steady Global demand for dollars that tends to push the value above what would be in a neutral system this makes Imports less expensive and has contributed to the us becoming an importer Nation something appears to be changing in 2001 73 percent of the worlds reserves were held in U.S dollars compared to 58 today this trend has accelerated since Russias invasion of Ukraine because of the USs decision to freeze Russias dollar assets but is there another currency that can fill the void in its own although the Chinese Yuan has gained in status it still accounts for only 2.7 percent of the worlds reserves the Japanese Yen has gone from three and a half percent in 2014 to a current level of five and a half percent the rest of the gains that counterbal
