The greenback’s share in central bank reserves has fallen to 56.3%, a report has said
The US dollar’s share of global foreign exchange reserves fell to its lowest in three decades in the second quarter of the year, the International Monetary Fund (IMF) said on Wednesday.
The greenback accounted for 56.3% of allocated reserves between April and June, down 1.5 percentage points from the previous quarter and the smallest proportion since 1995, although the drop was largely due to currency moves rather than active selling by central banks, the report said.
“Exchange-rate effects drove nearly all the decline in the US currency’s share of foreign…
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