![]() ![]() Over the past twenty years, data collection and analysis. The aim was to develop and report indicators for international comparisons of healthcare quality. The Healthcare Quality and Outcomes programme previous known as Healthcare Quality Indicators (HCQI) Project was initiated in 2001. "But you can hop on an app and trade Treasuries from anywhere," Natwest Markets emerging markets strategist Galvin Chia said. OECD Framework for Health System Performance Measurement. Germany's bond market is relatively small, at just over $2 trillion.Ĭommodities producers may agree to trade with China in yuan, but recycling cash into Chinese government bonds remains tricky due to difficulties opening accounts and regulatory uncertainty. International holdings of Treasuries are vast and there's no credible alternative yet. "The depth, liquidity and safety of the Treasury market is a big reason why the dollar is a leading reserve currency," said Brad Setser, a Council on Foreign Relations fellow who tracks cross-border currency flows. Treasury market - viewed as a safe haven for money. debt ceiling have put the dollars status as the worlds dominant currency under fresh. The dollar's status is therefore underpinned by the $23 trillion U.S. 8 hours ago &0183 &32 Rivalry with China, fallout from Russias war in Ukraine and wrangling once again in Washington over the U.S. "The dollar is going to be used less in the global system." AN UNSHAKEABLE BASISīecause large bank deposits are not always insured, businesses use government bonds as a cash alternative. "This is the process that is underway," said Mark Tinker, managing director of Toscafund Hong Kong. Global central banks are looking at a wider variety of assets, including corporate debt, tangible assets such as real estate, and other currencies. While there may not be a single dollar successor, mushrooming alternatives could create a multipolar world.īNY Mellon's Yu said nations were realizing that one or two dominant reserve asset blocks was "just not diversified enough." This had sparked a re-think in countries such as Saudi Arabia, China, India and Turkey about diversifying to other currencies. "What happened in 2022 was a very sharp plummeting in the dollar share in real-terms," Jen said, adding this was a reaction to the freezing of half of Russia's $640 billion in gold and FX reserves following its 2022 invasion of Ukraine. Stephen Jen, CEO of Eurizon SLJ Capital Limited, said that shift was more pronounced when adjusted for exchange rate. The dollar share of official FX reserves fell to a 20-year low of 58% in the fourth quarter of 2022, according to International Monetary Fund data. allies would diversify away from dollars.īelow are some arguments why de-dollarisation will happen - or possibly why it won't. Russia's sanctions-imposed exile from global financial systems last year also fuelled speculation that non-U.S. debt ceiling have put the dollar's status as the world's dominant currency under fresh scrutiny. ![]() LONDON, May 25 (Reuters) - Rivalry with China, fallout from Russia's war in Ukraine and wrangling once again in Washington over the U.S. ![]()
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