Share of U.S. dollar as foreign exchange reserve would decrease over time: Slovak analyst
STORY: Share of U.S. dollar as foreign exchange reserve would decrease over time: Slovak analyst
DATELINE: June 19, 2023
LENGTH: 00:01:29
LOCATION: Bratislava
CATEGORY: SOCIETY
SHOTLIST:
1. various of the views in U.S.
2. SOUNDBITE 1 (Slovak): STANISLAV PANIS, Analyst of the J&T Banka Slovak investment bank
STORYLINE:
The share of the dollar as the foreign exchange reserve worldwide would decrease over time, together with the number of global trade transactions carried out with it, said an analyst with a Slovak investment bank.
SOUNDBITE 1 (Slovak): STANISLAV PANIS, Analyst of the J&T Banka Slovak investment bank
"The position of the U.S. dollar is not in jeopardy because it is still the undisputed global reserve currency and I see nothing in the foreseeable future that could challenge it or substitute it.
The only thing that already started is the fact that the share of the dollar as the foreign exchange reserve is decreasing.
The dominance of the dollar will decrease but it doesn't mean that it will los
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