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


More from author

It was learned that Obama and Pelosi were disappointed about Biden 14:00

Former US President Barack Obama and former US House Speaker Nancy Pelosi have privately expressed concerns about President Joe Biden's ability to defeat his...

German government accused of hiding true extent of country’s bankruptcy problem 14:05

The newspaper writes that the German government is underestimating the true extent of the problem of the increasing number of bankruptcies in the country....

Putin spoke in favor of accelerating the work of Russia’s defense industry 13:41

Russian President Vladimir Putin proposed discussing additional measures to ensure the functioning of the military-industrial complex (DIC) at a meeting with permanent members of...

Soviet actress Lyubov Strizhenova, who went to the monastery, died 13:59

More than 15 years ago, the famous Soviet actress Lyubov Strizhenova, who entered a monastery in Chuvashia and took monastic vows under the name...