don’t count international monetary fund managing director kristalina georgieva among the naysayers expecting the us currency to lose its luster due to “dedollarization” in remarks at an economic forum in doha wednesday she argued that the us dollar was likely to retain its status reuters reported “we don’t expect a rapid shift in dollar reserves because the reason the dollar is a reserve currency is because of the strength of the us economy and the depth of its capital markets” she said a debate over dedollarization countries moving away from the dollar as a reserve and medium of exchange has raged this year the question is whether a meaningful shift away from the dollar is under way that would have implications for the us or global economy see why washington and wall street are worried about the ‘dedollarization’ threat skeptics of dedollarization contend that moves to price some commodity transactions in units other than the dollar pose little threat to the currency’s dominant role in the financial system while the greenback’s share of global forex reserves has always tended to ebb and flow the ice us dollar index dxy  a measure of the currency against a basket of six major rivals was little changed after hitting a roughly 2month high on tuesday the index which rose sharply in 2022 is little changed on the year on a more immediately pressing matter georgieva played down the risk of a default by the us government as the white house and congressional republicans continue to negotiate over lifting the debt ceiling such showdowns are a somewhat regular occurrence in the us she noted “history tells us that the us would wrestle with this notion of default…but come the 11th hour it gets resolved and i have confidence we will see that play again” georgieva said the treasury department has warned the us could find itself unable to pay its bills as early as june 1 the socalled xdate unless the debt ceiling is raised or otherwise addressed the white house and congressional negotiators continue to talk worries over the potential for default have roiled the market for shortterm treasury bills with traders and investors shunning paper that would come due around the xdate stocks fell tuesday with the dow jones industrial average djia off 07 and the sp 500 spx declining 11 as an agreement remained elusive futures pointed to further softness wednesday morning though stock indexes remain near multimonth highs don’t miss a debtceiling deal will spark a new worry who will buy the deluge of treasury bills