“KEEP THE U.S. DOLLAR AS THE WORLD’S RESERVE CURRENCY”

Where it stands

The US dollar's share of the world's foreign exchange reserves was 56.70% in the second quarter of 2026, against 20.60% for the euro, the next largest (IMF COFER, 30 September 2026). At the end of 2024 the dollar's share was 57.80% (IMF, 2 April 2025). The words set no threshold.

What has happened

1. 15 July 2024Promised. Delegates at the Republican National Convention adopt the 2024 platform, which opens with twenty promises
2. 23 January 2025In plan. Executive Order 14178 sets a policy of protecting the sovereignty of the US dollar, including through dollar-backed stablecoins, and bars agencies from establishing a central bank digital currency evidence
3. 18 July 2025Legislated. The GENIUS Act, Public Law 119-27, sets federal rules for payment stablecoins, which must hold reserves of at least one to one, such as Treasury bills maturing in 93 days or less; it takes effect by 18 January 2027 at the latest evidence
4. 30 September 2026Delivering. IMF data put the US dollar's share of the world's foreign exchange reserves at 56.70% in the second quarter of 2026, against 20.60% for the euro evidence

More detail

Related promises

• RepublicansSeal the border“SEAL THE BORDER, AND STOP THE MIGRANT INVASION”Delivering1. Seal the borderCost not stated15 July 2024Open the promise →
• RepublicansLargest deportation operation in American history“CARRY OUT THE LARGEST DEPORTATION OPERATION IN AMERICAN HISTORY”Delivering2. DeportationsCost not stated15 July 2024Open the promise →
• RepublicansEnd inflation and make America affordable“END INFLATION, AND MAKE AMERICA AFFORDABLE AGAIN”In plan3. Inflation and pricesCost not stated15 July 2024Open the promise →

Every promise in 13. The dollar as reserve currency