US Dollar Share Of Intl Reserves Falls In Q3: IMF

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Foreign central banks' holdings of U.S. dollars decreased in the third quarter, data released by the International Monetary Fund showed Wednesday.

According to IMF's Composition of Official Foreign Exchange Reserves or COFER data, U.S. dollar reserves account for 61.65% of allocated reserve holdings, a decline from 62.82% in the second quarter.

Total allocated reserves stood at $4.43 trillion in the third quarter, up from $4.27 trillion in the previous quarter. The amount of allocated reserves held in U.S. dollars stood at $2.73 trillion, an increase from $2.68 trillion in the second quarter but below the $2.81 trillion recorded in the third quarter of 2008. Holdings in euro increased to 27.7% from 27.4% and the yen share rose to 3.2% from 3.1%.

Foreign central banks' holdings of U.S. dollars decreased in the third quarter, data released by the International Monetary Fund showed Wednesday. (Market News Provided by RTTNews)