For the first time in the 21st century, the share of the US dollar in global reserves fell below 40%. This is evidenced by the analysis of Bloomberg Intelligence. Central banks are increasingly diversifying their assets.
US dollar loses share of global reserves
According to Bloomberg Intelligence, the share of the US dollar in global reserves has fallen from 65% to less than 40% since the beginning of the 21st century. This is the lowest figure for the US currency in the last century.
Diversification of central bank assets
Central banks in different countries are gradually reducing the share of the dollar in their reserves. They prefer:
- gold
- euro
- Japanese yen
- Chinese yuan
This trend reflects the growing confidence in alternative currencies and assets.
Context.
The decline in the dollar's share of global reserves comes amid global economic changes and geopolitical tensions. Experts note that diversifying reserves helps countries reduce their dependence on a single currency.
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