Latest / The Emerging Markets Podcast with Fexingo: Developing Economies, Growth, and Investment
How Emerging Market Currencies Are Building a New Reserve System
On this episode of The Emerging Markets Podcast, Lucas and Luna explore a quiet shift in global finance: emerging market central banks are diversifying their reserves away from the US dollar. Using August 2026 data, they note the trade-weighted dollar index edged down to 118.9, while currencies like the Chinese yuan hold steady. They discuss how countries like India and Brazil are accelerating gold purchases and bilateral swap agreements, bypassing the dollar for trade. The conversation zeroes in on a single concrete number: emerging markets now hold over 30 percent of global reserves in…
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