Aljazeera:
Today nearly 60 percent of foreign exchange reserves maintained by the world's Central banks are held in dollars.
Still, that marks a decline from about 70 percent in 2000, pointing to a gradual shift within the global financial order, according to experts. While the euro's share has gone up only marginally since its launch- from 18 percent to just under 20 percent now - China's renminbi, also know as the Yuan, has grown fastest since 2016, even though less than 3 percent of global reserves are held in that currency.
" We are clearly moving towards a more multilateral world as shown by the falling share of the US dollar in forex reserves", Alicia García Herrero, a senior fellow at the Brussels-based think tank Bruegel told, Al Jazeera.
Over the past year, the incentives for countries to turbocharge that shift away from the dollar have only increased.