(Kitco News) – Presidential candidate Donald Trump released his "20 Core Promises to Make America Great Again" on Monday afternoon, which includes the promise to "Keep the U.S. dollar as the world's reserve currency."
Trump has made headlines in recent months for his pro-crypto pivot, leading some to wonder about his stance on the USD, especially since he has called for making Bitcoin (BTC) a strategic reserve asset.
While he and his running mate JD Vance have made repeated statements in recent weeks calling for a dollar devaluation to boost the country's manufacturing and lower the trade deficit, the inclusion of the USD reserve status in his list of promises suggests that he recognizes the value of having the reserve currency status, and doesn't want to see that end under his watch.
Along with keeping the USD as the world's reserve currency, Trump promises to:
- Seal the border and stop the migrant invasion.
- Carry out the largest deportation operation in American history.
- End inflation, and make America affordable again.
- Make America the dominant energy producer in the world, by far!
- Stop outsourcing, and turn the United States into a manufacturing superpower.
- Large tax cuts for workers, and no tax on tips!
- Defend our Constitution, our Bill of Rights, and our fundamental freedoms, including freedom of speech, freedom of religion, and the right to keep and bear arms.
- Prevent World War Three, restore peace in Europe and in the Middle East, and build a great iron dome missile defense shield over our entire country – all made in America.
- End the weaponization of government against the American people.
- Stop the migrant crime epidemic, demolish the foreign drug cartels, crush gang violence, and lock up violent offenders.
- Rebuild our cities, including Washington DC, making them safe, clean, and beautiful again.
- Strengthen and modernize our military, making it, without question, the strongest and most powerful in the world.
- Keep the U.S. dollar as the world's reserve currency.
- Fight for and protect social security and Medicare with no cuts, including no changes to the retirement age.
- Cancel the electric vehicle mandate and cut costly and burdensome regulations
- Cut Federal funding for any school pushing critical race theory, radical gender ideology, and other inappropriate racial, sexual, or political content on our children.
- Keep men out of women's sports
- Deport pro-Hamas radicals and make our college campuses safe and patriotic again.
- Secure our elections, including same-day voting, voter identification, paper ballots, and proof of citizenship.
- Unite our country by bringing to it new and record levels of success.
The eroding status of the greenback as a reserve currency has been a hot topic of late. A recent analysis from the Atlantic Council found that the share of the USD in global reserves has fallen from 72% in 2002 to 58% today, representing a loss of 14% in the last 22 years.
