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IPFS News Link • Dollar Meltdown The

The Decline & Fall Of Dollar Hegemony

• https://www.zerohedge.com by Wolf Richter

They all have become dependent on the willingness of other central banks to hold large amounts of dollar-denominated paper. But from the looks of things, those central banks might be getting a little nervous.

The global share of US-dollar-denominated exchange reserves – US Treasury securities, US corporate bonds, US mortgage-backed securities, etc. held by foreign central banks – fell to 60.5% in the third quarter, according to the IMF's COFER data release. This is the lowest since 1995. Over the past six years, the dollar's share has been dropping at a rate of about 1 percentage point per year:


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