There is no absolute dollar shortage among emerging economies. They still have massive foreign exchange reserves.

新兴经济中没有绝对的美元短缺，他们仍然有巨大的外汇储备。

youdao

Initially, the desire to accumulate foreign exchange reserves in dollars was in response the 1997-98 emerging market crises. The crises were triggered by dollar shortage.

最初，他们希望提高美元外汇储备应对1997 - 98出现的因美元短缺触发的市场危机。

youdao

And we have a form of that here in Australia when we had the holey dollar...... when we had a coin with a hole in the middle because there was a shortage of metal.

澳大利亚就曾有过一种这类的货币，一种中间有个洞的货币。这是由于当时缺乏铸币金属的缘故。

youdao

But opponents see the dollar shortage as a deliberate ploy to strangle what is left of Venezuela's private sector.

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We note the sharp contrast with 2001, when a shortage of dollar liquidity (strong and strengthening dollar, high real interest rates, low central bank dollar reserves, falling gold and commodity prices, rapidly shrinking U.S. profits) all spelled weakness.

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This was important, because the financial markets have been signaling that there is a shortage of risk-free, dollar-denominated financial assets.

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