On the dollar as a reserve currency.

• Author: Rees, Matthew
• Position: Just the Facts: TIE's Executive News Service: THE DOLLAR ISSUE - Brief article

"The dollar is involved in 86 percent of the $3.2 trillion in daily currency transactions around the world, often as a middle step in exchanges between two other currencies, according to the Bank for International Settlements. While that is down from 90 percent in 2001, no other currency comes close."

"Nearly two-thirds of the world's central bank reserves remain denominated in dollars, according to data from the International Monetary Fund, despite widespread fears of a mass exodus from the currency. The euro accounts for about a quarter--up from 18 percent when it was introduced in 1999, but less than its predecessor currencies' share in 1995."

"The dollar is still deeply rooted as a reserve currency for central banks...