U.S. Dollar Share in Global Reserves Declines Slightly

The U.S. dollar’s share of global foreign exchange reserves has fallen marginally, landing at 56.92% in the third quarter of 2025, according to International Monetary Fund (IMF) data.

Recent changes in the U.S. dollar’s reserve share indicate modest global financial shifts but maintain currency dominance.

U.S. Dollar’s Global Reserve Share

IMF data reveals the U.S. dollar accounts for 56.92% of global reserves, down from 57.08% in the previous quarter. “The share of US dollar holdings decreased slightly to 56.92 percent in 2025Q3, from 57.08 percent in 2025Q2,” said Erin Nephew of the IMF Data Team. The currency’s share was significantly higher, at around 71%, at its peak in 2000. Global reserves approximate $13 trillion, with minimal market disruption noted.

Despite the decline, the U.S. dollar remains a cornerstone of global holdings. The IMF reported no direct impacts on Bitcoin, Ethereum, or other cryptocurrencies. No statements from key crypto leaders have addressed these reserves trends specifically.

Economic implications are broad, influencing global financial stability and exchange rates. The dollar’s reserve performance is expected to resonate through foreign exchange markets. Shifts in geopolitical dynamics continue affecting reserve allocations.

Historical trends support the stability of the U.S. dollar, yet geopolitical factors could prompt strategic shifts among emerging economies. Although gold now surpasses U.S. Treasuries as a preferred asset in several nations, the dollar remains integral to international trade. The balance of currency and asset preferences will likely evolve in response to these trends.