SWIFT: US dollar usage in global transactions reaches a new high

PANews, January 22 – Despite ongoing uncertainty surrounding U.S. President Trump's policies, the U.S. dollar continues to maintain its dominant position in global trade. According to the latest data released by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the dollar's share in international transactions rose to 50.5% in December, up from 46.8% the previous month. This marks the highest proportion since 2023, when the Belgium-based institution revised its transaction data collection methods. Among major reserve currencies, the euro follows (with a share of about 22%), then the British pound, Canadian dollar, Japanese yen, and renminbi. JPMorgan strategists including Luis Oganes wrote: "The dollar continues to dominate foreign exchange trading and international monetary usage. Meanwhile, central banks are consistently increasing their gold reserves, with gold accounting for a growing proportion of reserve assets maturing in 2025."