PANews reported on January 22 that despite ongoing uncertainty surrounding US President Trump's policies, the US dollar remains dominant in global trade. AccordingPANews reported on January 22 that despite ongoing uncertainty surrounding US President Trump's policies, the US dollar remains dominant in global trade. According
SWIFT: Global use of the US dollar in transactions jumps to a new high
PANews reported on January 22 that despite ongoing uncertainty surrounding US President Trump's policies, the US dollar remains dominant in global trade. According to the latest data from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the dollar's share of international transactions rose to 50.5% in December, up from 46.8% in the previous month. This is the highest share since 2023, when the Belgium-based institution revised its transaction data collection methods. Among major reserve currencies, the euro (approximately 22%) followed, then the pound sterling, the Canadian dollar, the Japanese yen, and the renminbi. JPMorgan strategists, including Luis Organes, wrote: "The US dollar continues to dominate foreign exchange transactions and international currency use. Meanwhile, central banks continue to increase their gold reserves, with gold accounting for an increasingly larger proportion of reserve assets maturing in 2025."
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