The World's Top Reserve Currencies as of Q1 2024

What We’re Showing

This chart shows the world’s top reserve currencies as of Q1 2024, according to data from the International Monetary Fund.

Key Takeaway

Nearly 60% of foreign reserves held by countries are in USD, explaining it's nickname as the world’s reserve currency.

Recent Trends in Reserve Currency Composition

• The share of global foreign reserves held in USD has gradually decreased from over 70% in 1999 to 59% today.
• Meanwhile, reserves denominated in Chinese renminbi, as well as Canadian and Australian dollars, have increased from a combined 2% in 1999 to 10% in 2024.