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Declining Dollar Trust Poses Economic Risks, Warns Zhu Min

2/16/2026

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Story summary

Zhu Min, former IMF deputy director, warns that declining trust in the U.S. dollar risks the economy in 2026.
The dollar's share of exchange reserves fell to 57% from 70%, as gold, euro, and yuan rise.
Zhu Min says Fed rate cuts are crucial for stability.
He warns inflation misalignment could bring uncertainty.
Chinese President Xi Jinping calls for a 'strong currency' to bolster China’s role in trade and finance.

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Story summary

Zhu Min, former IMF deputy director, warns that declining trust in the U.S. dollar risks the economy in 2026.
The dollar's share of exchange reserves fell to 57% from 70%, as gold, euro, and yuan rise.
Zhu Min says Fed rate cuts are crucial for stability.
He warns inflation misalignment could bring uncertainty.
Chinese President Xi Jinping calls for a 'strong currency' to bolster China’s role in trade and finance.