economy
The Great Diversification: Why the World is Moving Away from the Dollar
Written by journalist Hashim Alam. For nearly eighty years, the U.S. dollar has been the undisputed leader of the global economy. Since the 1944 Bretton Woods Agreement, it has served as the world’s primary reserve currency, the default for oil prices, and the "safe haven" during times of crisis. However, the first quarter of the 21st century is witnessing a historic retreat. Recent data from the IMF and central bank reports show that the dollar’s share of global reserves has fallen to its lowest point since the early 1990s.





























