Barclays CEO Expects Dollar to Remain World’s Reserve Currency

The US dollar will “absolutely” remain the world’s only reserve currency, Barclays Plc Chief Executive Officer C.S. Venkatakrishnan said, even amid economic upheaval created by the Trump administration’s tariff policies.

“It’s 100 years of dollar strength, so much so that important commodities — gold, oil — are denominated in dollars,” Venkatakrishnan said in an interview with David Rubenstein at the 2025 Sell-Side Leaders Forum. “I think undoing that will take a long, long time.”

Trump’s on-again, off-again tariffs and fiscal policies have left some investors wondering whether Treasuries and the dollar will continue serving as the haven they’ve been for ...