The U.S. dollar is the lingua franca of international trade. According to the IMF, the dollar made up 70 percent of global foreign exchange reserves in 1999. While it remains dominant at 58.4 percent, there’s a push for less reliance on the dollar in the international community. Why is this happening and what does it mean? NTD spoke with Peter Earle, an economist with the American Institute for Economic Research to learn more.
