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Opinion

The US Dollar Remains the World’s Top Reserve Currency

The US Dollar Remains the World’s Top Reserve Currency
U.S. dollar bills in Washington on Oct. 4, 2024. Madalina Vasiliu/The Epoch Times
Daniel Lacalle
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Commentary

There are plenty of comments about the death of the U.S. dollar as the world’s reserve currency. These tend to appear when the dollar index declines. However, these “dollar death” reports are greatly exaggerated and fail to answer a simple question: What is the alternative?

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”