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
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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