The Kobeissi Letter
The Kobeissi Letter|Jul 14, 2025 18:52
The US Dollar remains the most dominant global currency: The US Dollar's share of global payments is now at 48%, the highest in 13 years, according to SWIFT data. This percentage is TWICE as large as the Euro and 16 times higher than the Chinese Yuan. The US Dollar is also involved in 88% of all foreign exchange (FX) transactions globally, making it the most liquid and accessible currency in the world. Furthermore, USD now accounts for ~58% of all FX reserves, nearly TRIPLE the Euro and gold. The US Dollar's also accounts for 47% of cross-border lending, far above the Euro’s 30%. The Dollar's supremacy remains unchallenged.
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