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In just a year, the US$ has fallen from 62% to 59% as the world’s global currency but the Euro and Japanese Yen are the main beneficiaries of the shift, not the Chinese Yuan.
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FOREIGN RESERVES | NOT IN DOLLARS
— Nikkei Asia (@NikkeiAsia) May 8, 2021
As Washington's deficit grows due to COVID measures, the world's central banks are turning to euro, yen and gold.
The share of dollar-denominated assets in foreign reserves is down to 59%, the lowest in 25 years.
https://t.co/wxOvhe8E6t
https://t.co/xhqUVzU2VI pic.twitter.com/ZqF5zMKFHi
— simonthong aka kitty poo (@KittyPo80176717) May 8, 2021
https://t.co/xhqUVzU2VI pic.twitter.com/ySlkmF3YA3
— simonthong aka kitty poo (@KittyPo80176717) May 8, 2021
https://t.co/xhqUVzU2VI pic.twitter.com/HZXO97N9Dq
— simonthong aka kitty poo (@KittyPo80176717) May 8, 2021
https://t.co/xhqUVzU2VI pic.twitter.com/JXLuBnQHFs
— simonthong aka kitty poo (@KittyPo80176717) May 8, 2021
https://twitter.com/KittyPo80176717/status/1391152371170873347?s=19 by
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weehingthong
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