Dollar Reserves Hit 47% Record Low as China Drives De-Dollarization
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最新报道：China's dollar reserves have dropped to a 47-year low of 53.8% of total foreign exchange holdings, accelerating global de-dollarization efforts. The People's Bank of China has been diversifying into gold and other currencies, with gold reserves now at 72.8 million ounces. This shift comes as BRICS nations push for reduced USD reliance, with China settling 48% of cross-border transactions in yuan in Q1 2023. The dollar's share in global reserves has declined from over 70% in 2000 to about 58% today, reflecting broader challenges to USD dominance amid geopolitical tensions and economic realignments.
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