By Salman Parviz

Dethroning dollar؛ The rise and fall of the Greenback

The share of U.S. dollar reserves held in central banks fell to 59 percent –its lowest level in 25 years – during the fourth quarter of 2020, according to the IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) survey. Some analysts say this partly reflects the declining role of the U.S. dollar in the global economy.