Archive for April 10th, 2012

Composition of world’s FX reserves

Posted in Economy on April 10th, 2012 by Paul Deng – Be the first to comment

According to IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) database, US dollar remains the preferred reserve currency. In the fourth quarter of 2011, the dollar made up 62.1% of official reserves. The dollar accounted for 61.4% of official reserves in 2011 vs. 61.8% in 2010 and 62% in 2009.

See the chart below.

dollar remain dominant reserve currency 450x347 Composition of worlds FX reserves

(graph courtesy of Northern Trust)