Dollar's Share in Global Transactions Hits Record High Amid Middle East Conflict

The dollar's share in international transactions rose to a record 51.1% in March, according to the latest data from the Society for Worldwide Interbank Financial Telecommunication (SWIFT). According to ChainCatcher, this increase comes amid ongoing conflicts in the Middle East, marking the highest percentage since 2023. The euro accounted for approximately 21% of transactions, followed by currencies like the British pound and the Japanese yen.