According to the latest data from the International Monetary Fund (IMF), the share of the US dollar reserves shrank for five consecutive quarters to hit a four-year low in the first quarter of 2018.
Key Details (via Reuters):
“Reserves held in U.S. dollars climbed to $6.499 trillion, or 62.48 percent of allocated reserves, in the first quarter. This compared with $6.282 trillion, or 62.72 percent of allocated reserves, in the fourth quarter of The share of U.S. dollar reserves contracted to its smallest level since reaching 61.24 percent in the fourth quarter of 2013.
Ranked second behind the greenback, the euro’s share of global reserves reached 20.39 percent in the fourth quarter, up from 20.15 percent in the fourth quarter. This was its largest share since the final quarter of 2014, but well below the single currency’s peak share of reserves at 28 percent in 2009.
China’s share of allocated currency reserves increased for a third straight quarter to 1.39 percent.
Sterling’s share of currency reserves moved up to 4.68 percent in the first quarter, the biggest since the fourth quarter of 2015, IMF data showed.
The yen’s share of currency reserves retreated to 4.81 percent from prior quarter’s 4.89 percent, which was its biggest since the fourth quarter of 2002.”
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