The dollar has fallen as the leading reserve currency in the world to a level last seen in 1995, an IMF report released last week shows, as reported in Zero Hedge today. China’s yuan, meanwhile, is at a record high. Zero Hedge reports that “the trend of global dedollarization has accelerated. While the Dollar’s share of global reserves initially increased at the start of the pandemic, it has since decreased sharply and now stands at just 59% — a 1.5% decline for the quarter and the lowest level since 1995.”
The Chinese yuan has steadily climbed from 3.5% of world reserve currencies in 2014 to 6% at the end of 2020. https://www.zerohedge.com/markets/dollars-share-global-reserves-tumbles-lowest-1995-yuan-hits-all-time-high
