The U.S. Dollar’s Role as a Reserve Currency

Anna Cole and Christopher Neely

Open Vault from Federal Reserve Bank of St. Louis

Abstract: One of the U.S. dollar’s influential international roles is as the dominant reserve currency, widely used in international foreign exchange reserves, which are rainy day funds for governments.

Date: 2026-02-25
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00100:102817

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