The dollar’s share of global reserves has reached a 30-year low, dropping by 1.2 percentage points over the past year to 58.22%, a level not observed since at least the end of 1995.
The only other reserve currency to experience a decline during this period is the yuan, which fell to 2.14% from 2.45% a year ago.
In contrast, non-reserve currencies have gained traction among central banks, increasing their share by 0.63 percentage points over the year to reach 4.25%. This marks the highest level for non-reserve currencies since the third quarter of 2012, although at that time, the Australian and Canadian dollars were still included in this category.