Dollar’s Dominance in Global Transactions Reaches 50%

The U.S. dollar’s share in global payments has reached nearly 50%, marking its highest level in over 12 years, according to data from Macrobond.

This resurgence underscores the greenback’s enduring dominance in international finance, despite ongoing discussions about de-dollarization efforts. โ€‹

In January 2025, the dollar accounted for 50.2% of global transactions processed through the SWIFT network, up from 49.1% the previous month. This increase represents the highest proportion since SWIFT revised its data collection methods in mid-2023.

The euro, once a strong contender, has seen its share decline to approximately 20%, while the Chinese yuan’s growth has plateaued.

Despite initiatives like China’s Cross-Border Interbank Payment System (CIPS), the yuan’s global payment share remains modest, highlighting the dollar’s entrenched position. โ€‹Bank

Analysts attribute the dollar’s sustained dominance to its deep liquidity, widespread acceptance, and the absence of a comparable alternative.

Even amid geopolitical tensions and efforts by some nations to diversify away from the dollar, its role as the primary currency for global trade and finance remains unchallenged.’

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BitcoinVersus.tech (@bitcoinversus.bsky.social) 2025-01-17T18:23:17.472Z

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