U.S. Dollar Share of Global Reserves Falls to Lowest Level This Century
The share of the U.S. dollar in global foreign exchange reserves has dropped to its lowest point since at least 2000, reflecting shifts in international reserve management.
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Terms & Concepts
Foreign Exchange Reserves: Holdings of foreign currencies by a country's central bank, used to back liabilities and influence monetary policy.
Reserve Currency: A foreign currency held in significant quantities by central banks for international trade and financial transactions.