Dollar Share of Currency Reserves Slips to Near Five-Year Low

(Bloomberg) -- The dollar’s share of known official currency reserves around the world slumped to an almost five-year low, the International Monetary Fund said.

The U.S. currency accounted for 61.9 percent of global foreign-exchange reserves in this third quarter, down from 62.4 percent the prior quarter and the lowest level since the fourth quarter of 2013, according to IMF data released Friday on its website. The euro’s share of allocated reserves rose to 20.5 percent, the highest since late-2014, from 20.3 percent in the second quarter. The yen’s share gained to 5 percent, the highest in 16 years.

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