2010-07-01

Declining ratio of U.S. dollar in foreign exchange reserves

Central banks are still cutting back on their holdings of U.S. dollars, although the unallocated reserves, which includes countries that do not report their holdings, has also been growing rapidly, thanks to China. Unallocated reserves grew from 25.4% of total reserves in 2002 to 44.4% in the first quarter of 2010.

Here's a link to the IMF page for the COFER (Currency Composition of Official Foreign Exchange Reserves) report. Below is an image made from the data.
Gif Created on Make A Gif

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