Dollar’s share of global reserves falls to 25-year low

Gradual decline may stem from currency diversification by emerging market central banks – IMF report

us-dollar

The US dollar’s share of international reserves portfolios reached its lowest level in 25 years in 2020’s fourth quarter, according to International Monetary Fund figures.

The IMF said dollar-denominated assets constituted 59% of global reserves portfolios at the end of 2020, according to its Currency Composition of Official Foreign Exchange Reserves survey. The world’s dominant reserve currency experienced a slight decline from the 60.7% share it recorded in December 2019, according to the

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