Yuan’s share in world reserves falls to four-year low 10:21

Yuan’s share in world reserves falls to four-year low 10:21

The Chinese yuan’s share of global foreign exchange reserves fell to 2.15% in the first quarter from 2.29% in the previous quarter. This is the lowest figure since April-June 2020, it says DEA News.

Moreover, after the first quarterly results, the euro lost its share in world reserves. Its share during the period decreased by 0.25 points to 19.69%. The European currency has not been able to exceed the 20% mark in the last five quarters.

The share of the dollar increased by 0.41 points to 58.85%. The share of the Japanese yen (up to 5.69%), sterling (up to 4.89%) and Australian dollar (up to 2.16%) in world reserves also increased.

As of the end of January – March 2024, the total volume of world foreign exchange reserves reached 12.35 trillion dollars.

Before this in the West stated About the beginning of dedollarization in the world economy.

Russians before given Dollar buying advice.

What are you thinking?



Source: Gazeta

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