US Dollar transactions are rising amid the Iran war: The US Dollar's share of international payments via SWIFT rose +1.9 points in March, to a record 51.1%. Since 2022, this percentage has risen +13 points. By comparison, the Euro represents ~21% of SWIFT payments, followed by the British pound, Japanese yen, Chinese yuan, and Canadian Dollar. The US Dollar also covers 89% of all FX trades and 61% of foreign currency debt issuance. Beyond that, it represents 57% of global currency reserves excluding gold and 54% of all export invoicing worldwide. The world is using more US Dollars than ever.(The Kobeissi Letter)