Dollar being ‘gradually abandoned’ – IMF boss ...News

Kristalina Georgieva says there are no viable alternatives for a global reserve currency The managing director of the International Monetary Fund (IMF) has said the US dollar is gradually losing its status as the world’s main reserve currency. Speaking on Monday, Kristalina Georgieva noted that there is no viable alternative among global currencies to replace the greenback in the near future. “There has been gradual shift away from the dollar, it was 70% of reserves, now it is slightly under 60%,” Georgieva stated at the 2023 Milken Institute Global Conference in Beverly Hills, California. According to the IMF chi

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