{"id":110005,"date":"2026-07-04T00:15:22","date_gmt":"2026-07-03T22:15:22","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=110005"},"modified":"2026-07-03T08:30:23","modified_gmt":"2026-07-03T06:30:23","slug":"historicky-zlom-stale-vice-centralnich-bank-se-zbavuje-dolaru-a-utika-ke-zlatu","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/07\/04\/historicky-zlom-stale-vice-centralnich-bank-se-zbavuje-dolaru-a-utika-ke-zlatu\/","title":{"rendered":"Historick\u00fd zlom: St\u00e1le v\u00edce centr\u00e1ln\u00edch bank se zbavuje dolar\u016f a ut\u00edk\u00e1 ke zlatu"},"content":{"rendered":"
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Po cel\u00e1 desetilet\u00ed byl americk\u00fd dolar pova\u017eov\u00e1n za nespornou kotvu glob\u00e1ln\u00edho finan\u010dn\u00edho syst\u00e9mu. St\u00e1ty hromadily dolarov\u00e9 rezervy, mezin\u00e1rodn\u00ed obchod se uskute\u010d\u0148oval p\u0159ev\u00e1\u017en\u011b v dolarech a Washington se tak mohl zadlu\u017eovat jako t\u00e9m\u011b\u0159 \u017e\u00e1dn\u00fd jin\u00fd n\u00e1rod na sv\u011bt\u011b.<\/span><\/p>\n

Nyn\u00ed se v\u0161ak objevuje v\u00fdvoj, kter\u00fd by mohl m\u00edt dalekos\u00e1hl\u00e9 d\u016fsledky.<\/span><\/p>\n

Podle ned\u00e1vn\u00e9\u00a0<\/span>zpr\u00e1vy agentury Reuters<\/span><\/a>\u00a0poprv\u00e9 v\u00edce centr\u00e1ln\u00edch bank pl\u00e1nuje\u00a0<\/span>sn\u00ed\u017eit sv\u00e9 dolarov\u00e9 rezervy, ne\u017e je zv\u00fd\u0161it<\/span><\/strong>\u00a0. Z\u00e1rove\u0148 zlato a \u010d\u00ednsk\u00fd juan nab\u00fdvaj\u00ed na v\u00fdznamu jako alternativy k rezerv\u00e1m n\u00e1rodn\u00edch m\u011bn.<\/span><\/p>\n

Z\u00e1klad americk\u00e9 moci<\/span><\/h2>\n

Zvl\u00e1\u0161tn\u00ed status dolaru poskytuje Spojen\u00fdm st\u00e1t\u016fm po cel\u00e1 desetilet\u00ed obrovsk\u00e9 v\u00fdhody.<\/span><\/p>\n

Proto\u017ee je dolar nejd\u016fle\u017eit\u011bj\u0161\u00ed sv\u011btovou rezervn\u00ed m\u011bnou, existuje neust\u00e1l\u00e1 glob\u00e1ln\u00ed popt\u00e1vka po americk\u00fdch st\u00e1tn\u00edch dluhopisech a dolarov\u00fdch dluhopisech. To umo\u017e\u0148uje USA financovat obrovsk\u00e9 rozpo\u010dtov\u00e9 deficity a p\u016fj\u010dovat si pen\u00edze za pom\u011brn\u011b v\u00fdhodn\u00e9 \u00farokov\u00e9 sazby.<\/span><\/p>\n

Tato role z\u00e1rove\u0148 posiluje geopolitick\u00fd vliv Washingtonu. Sankce, finan\u010dn\u00ed embarga a p\u0159\u00edstup k mezin\u00e1rodn\u00edmu platebn\u00edmu syst\u00e9mu jsou do zna\u010dn\u00e9 m\u00edry zalo\u017eeny na dominanci dolaru.<\/span><\/p>\n

Centr\u00e1ln\u00ed banky p\u0159ehodnocuj\u00ed sv\u016fj p\u0159\u00edstup<\/span><\/h2>\n

Pr\u016fzkum centr\u00e1ln\u00edch bank, na kter\u00fd citovala agentura Reuters, v\u0161ak odhaluje pozoruhodn\u00fd posun v n\u00e1lad\u011b. Poprv\u00e9 v\u00edce centr\u00e1ln\u00edch bank o\u010dek\u00e1v\u00e1 sn\u00ed\u017een\u00ed sv\u00fdch dolarov\u00fdch rezerv, ne\u017e jejich dal\u0161\u00ed zv\u00fd\u0161en\u00ed.<\/span><\/p>\n

M\u00edsto toho se \u0159ada zem\u00ed st\u00e1le v\u00edce spol\u00e9h\u00e1 na zlato. \u010c\u00ednsk\u00fd j\u00fcan tak\u00e9 dlouhodob\u011b z\u00edsk\u00e1v\u00e1 na v\u00fdznamu, a\u010dkoli dolar v \u017e\u00e1dn\u00e9m p\u0159\u00edpad\u011b zat\u00edm nenahradil.<\/span><\/p>\n

Pr\u016fzkum nazna\u010duje, \u017ee mnoho centr\u00e1ln\u00edch bank pl\u00e1nuje v budoucnu pou\u017e\u00edvat v\u00edce rezervn\u00edch m\u011bn, m\u00edsto aby se spol\u00e9haly t\u00e9m\u011b\u0159 v\u00fdhradn\u011b na dolar.<\/span><\/p>\n

Pro\u010d je to tak v\u00fdbu\u0161n\u00e9?<\/span><\/h2>\n

Pokud by tento trend pokra\u010doval, mohlo by to m\u00edt pro Spojen\u00e9 st\u00e1ty zna\u010dn\u00e9 d\u016fsledky.<\/span><\/p>\n

Pokles mezin\u00e1rodn\u00ed popt\u00e1vky po dolarech by zt\u00ed\u017eil financov\u00e1n\u00ed neust\u00e1le rostouc\u00edho americk\u00e9ho st\u00e1tn\u00edho dluhu. USA by mohly muset platit vy\u0161\u0161\u00ed \u00farokov\u00e9 sazby, aby p\u0159il\u00e1kaly investory k n\u00e1kupu sv\u00fdch st\u00e1tn\u00edch dluhopis\u016f. Vy\u0161\u0161\u00ed n\u00e1klady na financov\u00e1n\u00ed by zase znamenaly dodate\u010dnou z\u00e1t\u011b\u017e pro feder\u00e1ln\u00ed rozpo\u010det.<\/span><\/p>\n

Schopnost Washingtonu vyv\u00edjet ekonomick\u00fd tlak prost\u0159ednictv\u00edm mezin\u00e1rodn\u00edho finan\u010dn\u00edho syst\u00e9mu by se mohla s ub\u00fdvaj\u00edc\u00ed dominanc\u00ed dolaru zmen\u0161it.<\/span><\/p>\n

Zlato za\u017e\u00edv\u00e1 renesanci<\/span><\/h2>\n

Za zm\u00ednku stoj\u00ed tak\u00e9 pokra\u010duj\u00edc\u00ed popt\u00e1vka po zlat\u011b ze strany centr\u00e1ln\u00edch bank.<\/span><\/p>\n

Centr\u00e1ln\u00ed banky po cel\u00e9m sv\u011bt\u011b ji\u017e n\u011bkolik let nakupuj\u00ed rekordn\u00ed mno\u017estv\u00ed zlata. Mnoho zem\u00ed op\u011bt vn\u00edm\u00e1 drah\u00fd kov jako strategick\u00fd bezpe\u010dn\u00fd p\u0159\u00edstav \u2013 nez\u00e1visl\u00fd na geopolitick\u00e9m nap\u011bt\u00ed nebo potenci\u00e1ln\u00edch finan\u010dn\u00edch sankc\u00edch.<\/span><\/p>\n

Zlato je pova\u017eov\u00e1no za aktivum bez rizika protistrany a z\u00edsk\u00e1v\u00e1 na atraktivit\u011b, zejm\u00e9na ve st\u00e1le v\u00edce multipol\u00e1rn\u00edm sv\u011bt\u011b.<\/span><\/p>\n

Zat\u00edm to nen\u00ed n\u00e1hrada \u2013 ale jasn\u00fd trend<\/span><\/h2>\n

Dolar z\u016fst\u00e1v\u00e1 zdaleka nejd\u016fle\u017eit\u011bj\u0161\u00ed rezervn\u00ed m\u011bnou na sv\u011bt\u011b.<\/span><\/p>\n

V sou\u010dasn\u00e9 dob\u011b se o okam\u017eit\u00e9 n\u00e1hrad\u011b nemluv\u00ed. Pr\u016fzkum agentury Reuters nicm\u00e9n\u011b ukazuje, \u017ee mezin\u00e1rodn\u00ed m\u011bnov\u00fd syst\u00e9m se pomalu m\u011bn\u00ed. St\u00e1le v\u00edce zem\u00ed zjevn\u011b usiluje o \u0161ir\u0161\u00ed diverzifikaci sv\u00fdch m\u011bnov\u00fdch rezerv.<\/span><\/p>\n

Pokud by tento proces pokra\u010doval roky, mohl by se jednat o jeden z nejv\u00fdznamn\u011bj\u0161\u00edch geopolitick\u00fdch a ekonomick\u00fdch posun\u016f od konce druh\u00e9 sv\u011btov\u00e9 v\u00e1lky.<\/span><\/p>\n

V\u00fdvoj je pomal\u00fd \u2013 nicm\u00e9n\u011b jeho dlouhodob\u00e9 dopady by mohly b\u00fdt hlubok\u00e9.<\/span><\/p>\n

\"\"<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Po cel\u00e1 desetilet\u00ed byl americk\u00fd dolar pova\u017eov\u00e1n za nespornou kotvu glob\u00e1ln\u00edho finan\u010dn\u00edho syst\u00e9mu. St\u00e1ty hromadily…<\/p>\n","protected":false},"author":2,"featured_media":110006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[503,1324,693],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/110005"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=110005"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/110005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/110006"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=110005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=110005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=110005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}