Monetary Fund: The share of the US dollar in global reserves rises in the first quarter amid the pandemic

0
2


Monetary Fund: The share of the US dollar in global reserves rises in the first quarter amid the pandemic

Reuters

U.S. dollar

Data from the International Monetary Fund released on Tuesday showed that the share of the US dollar in global reserves increased to 61.9 percent in the first quarter of 2020.

Global reserves have risen as central banks around the world collect greenbacks in the wake of the Corona virus pandemic.

And the share of the dollar is still the largest among all currencies, knowing that in the fourth quarter of 2019, the share of the dollar was 60.8%.

The data also showed, that global reserves fell to 11.731 trillion dollars from 11.824 trillion dollars in the last quarter of last year.

The total US dollar holdings in global reserves were $ 6.794 trillion, or nearly 61.9 percent of total reserves, in the first three months of the year, and in the fourth quarter of 2019, dollar reserves were $ 6.44 trillion, or a share of 60.8 percent.

The data indicated that the share of the euro in global reserves stabilized at 20 percent in the first quarter, compared to 20.5 percent in the previous three months.

The Chinese yuan’s share was also little changed, amounting to 1.9 percent of the world’s total reserves.

The Japanese yen’s share also held steady at 5.6 percent in the first quarter, largely unchanged from the last quarter in 2019.

Source: Reuters

LEAVE A REPLY

Please enter your comment!
Please enter your name here