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    HomeLive CommentsIMF: USD share of global reserves hit 4-year low in Q1

    IMF: USD share of global reserves hit 4-year low in Q1

    ActionForex
    By ActionForex

    According to latest released IMF Currency Composition of Official Foreign Exchange Reserves data, total global foreign exchange reserves rose 6.3% yoy, or by USD 878B, to USD 11.59T in Q1.

    Reserves held in USD rose to USD 6.499T, 62.48% of total allocated reserves. That compared to 62.72% back in Q4 2017, and hit a fresh four year low.

    Reserves held in EUR rose to USD 2.121T, 20.39% of total, up from Q4’s 20.15%, hitting the highest since 2014.

    Reserves held in RMB rose to USD 0.145T, 1.39%, of total, up for a third straight quarter.

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