Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: Five killed in the Israeli bombing of a civilian vehicle on Al-Qassam Street in Khan Younis, south of the Gaza Strip
Hamas confirms that it has no connection to the shooting incident in Rafah and affirms its commitment to the ceasefire agreement
Al Mayadeen's correspondent: Two civilians were killed and four others, including a child and an infant, were injured in an Israeli bombing of a house belonging to the Al-Banna family in the al-Sabra neighborhood, south of Gaza City
Al Mayadeen's correspondent: An Israeli airstrike targets the vicinity of Al-Shifa Medical Complex, west of Gaza City
Al-Qassam: We will postpone the handover of the body of the Israeli captive we found, which was scheduled for today, due to the occupation's violations
Al Mayadeen's correspondent in Gaza: Israeli occupation aircraft launch airstrikes on the city of Rafah in the southern Gaza Strip
Netanyahu's office: At the end of the security consultations, the prime minister instructed the military to launch massive military strikes on the Gaza Strip immediately
President Aoun: We urge the activation of the monitoring committee, the cessation of hostilities, ongoing Israeli violations, attacks
Lebanese President Joseph Aoun to US Envoy Morgan Ortagus: Southerners must be enabled to return to their homes and rebuild
Syrian sources: The Israeli occupation has begun withdrawing from the areas it infiltrated last night in the Quneitra countryside.

US dollar shares shrink in global reserves amid de-dollarization trend

  • By Al Mayadeen English
  • Source: News websites
  • 31 Dec 2023 14:56
  • 5 Shares
2 Min Read

The International Monetary Fund IMF reveals that in the third quarter of 2023, the US dollar's share in the global central bank reserves sunk to 59.2%.

  • x
  • Bank notes from various countries are displayed on the wall of a small beverage shop Friday, Dec. 19, 2014. (AP)
    Bank notes from various countries are displayed on the wall of a small shop on Friday, Dec. 19, 2014. (AP)

The International Monetary Fund (IMF) revealed that in the third quarter of 2023, the US dollar's share in the global central bank reserves sunk to 59.2% amid efforts to de-dollarize the global financial economy. 

While the US dollar remains the dominant international reserve currency, its shares plunged from 70% at the start of the millennium, constituting more than a 10% decrease in two decades. The euro comes in second at a sloping 19.6%. However, the Japanese yen showed a 0.2 increase over the previous quarter, from 5.3% to 5.5%. Other currencies, including the yuan, pound, Canadian dollar, and Swiss franc, saw very slight to negligible changes. 

According to SWIFT, a global financial messaging service, collected data showed that the Chinese yuan international payments share hit a record high in November, becoming the fourth most traded currency globally. Cross-border yuan trades have also increased as China's People's Bank carries over 30 bilateral currency exchanges with foreign central banks, including those of Saudi Arabia and Argentina. 

This signifies China's anti-dollar efforts and plans to promote the Yuan as an alternative currency.

Related News

Dollar slump masks investor unease in Trump 2.0 era: FT

US Federal Reserve lowers interest rates for first time in 2025

Read more: Oil deals struck far from the dollar, US loses shares in global market

BRICS on a de-dollarization mission

Iranian Deputy Foreign Minister Ali Bagheri Kani indicated that Iran, like other BRICS members, will work on the de-dollarization of trade and economic and financial transactions within the group of major emerging economies, revealing that some efforts in this direction are already underway.

"We have planned many missions and joint work with other BRICS members within the framework of this organization," Bagheri Kani told Sputnik.

The diplomat highlighted that "one of the most important tasks is the de-dollarization of trade and economic transactions and financial cooperation."

"Activities in this field of work of BRICS have already started, we hope to strengthen and expand these activities to achieve this goal as soon as possible."

  • de-dollarization
  • Iran
  • US dollar
  • China
  • chinese yuan

Most Read

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Members of the al-Qassam Brigades, the military wing of Hamas, and Egyptian workers search for the bodies of hostages in a tunnel discovered during searches in Hamad City, Khan Younis, in the southern Gaza Strip, on Tuesday, Oct. 28, 2025 (AP)
Politics

'Israel' obstructing Gaza body recovery, creating false claims: Hamas

Lebanese Prime Minister Nawwaf Salam talks to US Deputy Special Envoy to the Middle East Morgan Ortagus at the Grand Serail in Beirut, Lebanon, October 28, 2025 (NNA)
Politics

Salam conveys to Ortagus goals behind any possible negotiations

Writers boycott NYT, demand justice as Gaza media ban faces court
Politics

300+ writers boycott NYT Opinion, cite persistent anti-Palestine bias

Settlers attack West Bank olive harvesters, Injure 3 Palestinians
Politics

Settlers attack West Bank olive harvesters, injure 3 Palestinians

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS