Dollar dominance: for how long?

This off-the-record roundtable examines the geopolitical and macroeconomic issues influencing the dollar’s status in global markets and investigates how asset allocation preferences by central banks, sovereign funds and other holders may be shifting.

Ahead of the US presidential election, the roundtable asks whether the dollar could be toppled from its supreme position in the global monetary system due to ill-disciplined economic policies in the US and efforts by foreign holders to sidestep American and western investment and transaction controls. In addition to looking at alternative currency assets – led by the euro and the renminbi – the discussion will also touch on whether gold offers attractive features in the present environment, as indicated by OMFIF’s Global Public Investor 2024 survey.