NEW YORK — The U.S. dollar's share of currency reserves reported to the International Monetary Fund fell to 60.8% in the fourth quarter last year from the previous quarter, data released on Tuesday showed. The share of dollar reserves has declined for two consecutive quarters, but has remained the largest among all currencies. IMF data also showed that global reserves rose to $11.829 trillion, up 1.5% from the third quarter, and more than 3% higher from that of the fourth quarter of 2018. Reserves held in U.S. dollars totaled $6.745 trillion, or roughly 60.8% of allocated reserves in the last quarter of 2019. In the third quarter, dollar reserves were $6.725 trillion, or 61.5% of total allocated reserves of $10.93 trillion.

Source: International New York Times March 31, 2020 15:20 UTC