Share of dollar in global reserves lowest in 28 years – IMF

May 26th 2023 10:23am EDT

The freezing of Russia’s forex holdings has accelerated de-dollarization around the world, experts say The process of diversifying away from the greenback by countries around the world is gathering pace, according to the latest data from the International Monetary Fund. The statistics tracked by the Washington-based institution show that the dollar’s share of official gold and foreign […]

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