Expert insight

Why the U.S. dollar remains a reserve currency leader

April 04, 2024

Vanguard Information and Insights

Like this? Get insights from Roger Aliaga-Díaz delivered to your inbox.

A bar chart depicts the weighted average of international currency usage. The U.S. dollar is the dominant currency, followed distantly by the euro, British pound, Japanese yen, and Chinese renminbi.
A stacked graph chart displays the decline in share of the U.S. dollar reserves, from 71% to 58%, over the past 22 years. Despite the decline, the U.S. dollar remains the dominant currency used for foreign currency reserves.

Meet the experts

Vanguard Information and Insights

Get Vanguard news, insights, and timely analysis on the market, delivered straight to your inbox.

Also subscribe to article author Roger Aliaga-Díaz

Read our privacy policy to learn about how we keep personal information private.

* Indicates a required field

Vanguard Information and Insights

Thank you for subscribing to Economics & markets.

You'll be notified when new content is published, but will only ever receive one email a day from Vanguard Insights.

Vanguard logo

Vanguard is the trusted name in investing. Since our founding in 1975, we've put investors first.