United States Dollar
USD Reserve Currency
The US Dollar has been the world's primary reserve currency since the Bretton Woods agreement. While its share has declined from over 70% in 2000 to around 56.8% today, it remains by far the most held reserve currency globally. The Euro and Chinese Yuan are often discussed as potential alternatives, but neither has come close to challenging USD dominance.
Year over Year
+0.1%
GrowingAmount change YoY
5-Year Trend
-4.40pp
DecliningShare change since 2020
Rank
#1
of 8 currenciesBy reserve share
Reserve Holders
20
reporting countriesKnown major holders
USD Historical Trend
Share of global reserves, 2015-2025
Top USD Reserve Holders
| # | Country | Estimated Holdings | Share of USD Reserves |
|---|---|---|---|
| 1 | 🇨🇳China | 15.0% | |
| 2 | 🇯🇵Japan | 14.1% | |
| 3 | 🇨🇭Switzerland | 7.0% | |
| 4 | 🇮🇳India | 5.5% | |
| 5 | 🇹🇼Taiwan | 5.1% | |
| 6 | 🇸🇦Saudi Arabia | 4.9% | |
| 7 | 🇭🇰Hong Kong | 4.2% | |
| 8 | 🇰🇷South Korea | 3.8% | |
| 9 | 🇷🇺Russia | 3.4% | |
| 10 | 🇧🇷Brazil | 2.8% |
Frequently Asked Questions
What percentage of global reserves are held in US Dollars?
As of Q4 2025, approximately 56.77% of global foreign exchange reserves are held in US Dollars, totaling about $7.5 trillion.
Is the US Dollar losing its reserve currency status?
The USD share has declined from 71% in 2000 to about 57% in 2025, a trend known as de-dollarization. However, it remains by far the dominant reserve currency with no immediate challenger.
Which countries hold the most USD reserves?
China and Japan are the largest holders of USD reserves, each holding over $1 trillion. Switzerland, India, and Taiwan are also major holders.