US dollar share of global reserves sinks to lowest since 1995 – IMF ...News

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US dollar share of global reserves sinks to lowest since 1995 – IMF
source : Russia Today ( News ) () 16
The US dollar’s share of currency reserves plunged in the final quarter of 2020 to its lowest in 25 years, according to International Monetary Fund (IMF) data. Analysts say the drop was due in part to valuation adjustments. The greenback’s share of global FX reserves slipped to 59% in the fourth quarter, from 60.5% in the third, declining for three straight quarters. In 1995, the US currency’s share amounted to 58%. Still, the dollar has the largest share of currency reserves held by global central banks, according to the IMF. Analysts said that reserves held in US dollars rose to an all-time peak of $7 trillion in the fourth quarter,

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