Dollar Slump Puts Share of Foreign Reserves at 30-Year Low

The proportion of dollars in the coffers of foreign central banks hit its lowest mark since 1995, a shift driven by a steep decline in the currency rather than a reduction in holdings.

The balance of greenbacks in international reserves dropped to 56.3% between April and June, the International Monetary Fund said Wednesday. That’s a fall of nearly 1.5 percentage points from the first quarter and the lowest level in three decades. In constant currency terms, however, the dollar’s share was largely unchanged.