💥 BREAKING: 🇺🇸 U.S. Dollar’s Share of Global Foreign Currency Reserves Hits Lowest Level This Century
📉 According to the latest International Monetary Fund (IMF) data, the U.S. dollar’s share in global foreign exchange reserves has fallen to around ~56–57%, the lowest level since 1994–1995. This marks a significant long-term decline from over 70% at the start of the 21st century, driven by central banks diversifying into other major currencies (like the euro, yen, and yuan) and even gold. �
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🌍 What’s happening?
• Central banks around the world are reducing the proportion of USD holdings and increasing allocations to alternatives. �
• Even though actual U.S. dollar assets held haven’t fallen sharply, the growth of other reserve currencies makes the dollar’s percentage share shrink. �
• Geopolitical tensions, economic strategy shifts, and a long-term diversification trend are key drivers behind this shift. �
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📊 Why this matters:
The U.S. dollar has long been the dominant global reserve currency, central to international trade and finance. A sustained decline in its share could have implications for global markets, reserve currency dynamics, and monetary policy strategies in the coming years. �
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🔎 Majid’s Take:
“The diminishing share of the U.S. dollar in global reserves isn’t just a statistical blip — it reflects a broader structural shift in how central banks think about currency risk and geopolitical uncertainties. Diversification into other assets and currencies shows that the global financial order is slowly evolving.” — Majid$BTC $ETH
