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Why the U.S. dollar remains a reserve currency leader

April 04, 2024

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A bar chart depicts the weighted average of international currency usage. The U.S. dollar is the dominant currency, followed distantly by the euro, British pound, Japanese yen, and Chinese renminbi.
A stacked graph chart displays the decline in share of the U.S. dollar reserves, from 71% to 58%, over the past 22 years. Despite the decline, the U.S. dollar remains the dominant currency used for foreign currency reserves.

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