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Tag Archives: COFER

Chart of the WeekUS Dollar Share of Global Foreign Exchange Reserves Drops to 25-Year Low

By Serkan Arslanalp and Chima Simpson-Bell عربي, 中文, Español, Português, Русский The share of US dollar reserves held by central banks fell to 59 percent—its lowest level in 25 years—during the fourth quarter of 2020, according to the IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) survey. Some analysts say this partly reflects the declining role of the US dollar in the global economy, in the face of competition from other currencies used by central banks for...

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