US Dollar Dominance Grows to 50.5% in Global SWIFT Payments
The greenback's share of international transactions has surged 11.6 points over four years, significantly outpacing the Euro which holds the second position at 21.9%.
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Terms & Concepts
- SWIFT: The Society for Worldwide Interbank Financial Telecommunication, a global messaging network used by banks to securely send and receive information, such as money transfer instructions.