the world's Reserve Currency is

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the world's Reserve Currency is

Drumroll, please. The International Monetary Fund's quarterly tally of central bank foreign exchange reserve holdings has just been released. The largest allocation—at 62.1%—is given over to the U.S. dollar.
No, no surprise there, but still, the trend away from the greenback is telling. Year-over-year, the world's dollar commitments, as a percentage of allocated reserves, shrank 0.5% from 2008's fourth quarter. In the past decade, dollar reserve allocations have declined a total of 8.5%.
Much of the slack has been taken up by the euro. Last year, euro commitments rose 1.6%, bringing its decade-long growth rate to 9.0%. Now, 27.4% of global reserves are committed to euros.

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