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Status of the US Dollar as Global Reserve Currency: USD Share Drops to Lowest since 1994

Foreign central banks increased US dollar holdings slightly to $7.4 trillion, but faster growth in smaller reserve currencies pushed the USD share to its lowest since 1994, IMF data shows.

Summary by Wolf Street
Central Banks diversify their holdings into dozens of smaller “non-traditional reserve currencies.”
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Wolf Street broke the news in on Friday, December 26, 2025.
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