Dedollarization Alert: Dollar’s Share of Global Currency Reserves Hits Lowest Level in Over 25 Years
Channel: The Survival Economist
Date: 2021-04-12

Dollar’s Share of Global Currency Reserves Hits Lowest Level in Over 25 Years
Last week the Russian National Wealth fund was dumping dollars and turning toward gold. The Russians have engaged in an intentional de-dollarization policy for several years. But it appears this could be part of a broader global move away from the greenback.

The dollar’s share of global currency reserves dropped significantly in the fourth quarter of 2020, falling to its lowest level in 25 years according to recently released IMF data. Globally, the dollar now makes up just 54% of global currency reserves. The last time the greenback’s share was this low was in 1995.

As Bloomberg reported, the drop in dollar reserves comes “amid questions about how long the dollar can maintain its status as the pre-eminent reserve currency.”


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