US Dollar’s Status As Dominant “Global Reserve Currency” At 25-Year Low

By Tyler Durden,   Authored by Wolf Richter via WolfStreet.com, The global share of US-dollar-denominated exchange reserves declined to 59.15% in the third quarter, from 59.23% in the second quarter, hobbling along a 26-year low for the past four quarters, according to the IMF’s COFER data released today. Dollar-denominated foreign exchange reserves are Treasury securities, US corporate […]

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