Washington: US President Donald Trump announced on Friday that the dollar will remain the “reference currency,” at a time when the greenback is declining in markets, affected by the tariff policy pursued by the US president. “We are the reference currency. And we always will be… I think the dollar is great,” the Republican president said aboard Air Force One.

According to National Iraqi News Agency, Trump’s assertion comes amidst concerns over the US dollar’s recent performance in the global market. The decline is attributed to the current tariff policies implemented by the administration, which have raised tensions in international trade and affected currency valuations.

The president’s statement is seen as a reassurance to global markets and investors, highlighting the administration’s confidence in the dollar’s enduring role in the global economy. Despite recent market fluctuations, Trump’s comments aim to reinforce the dollar’s stability and importance as a global benchmark currency.