The share of the US dollar in global financial settlements dropped in February, according to the SWIFT inter-bank transaction system.
The use of the greenback fell 1.07%, down to 39% of all global transactions conducted via SWIFT. However, on a yearly basis, the dollar’s share was still up by 0.42%.
The share of settlements in euro, on the other hand, rose in February by 1.23%, to 38%. The euro has increased the most among the top 5 global currencies year on year.
The Chinese yuan lost its position to the Japanese yen last month, dropping 0.97% and taking 2% in global calculations. However, the share of the yen in global settlements also decreased, and now stands at 3%.
Almost 18% of the other SWIFT transactions are split by the rest of the world, including Russia, India, the Middle East and South America.
RT. com / ABC Flash Point News 2022.
I don’t understand why the gold exchange is held in London. Everyone knows that the price is manipulated. In the present conditions, Shanghai will be the most appropriate place.
Who wants to use a fiat currency that is not independent but could be used against your country if you don’t listen to their demands? Someday you may find that it can’t buy you a toilet roll.
Prices have already gone up through the roof?
The SWIFT inter-bank system is being bypassed more these days so these SWIFT figures need qualification as they are not fully representative of reality.
The End of the Anglo Zio-Nazi swamp?