US dollar share of global foreign exchange reserves drops to 25-year low: IMF

May 08, 2021

Washington DC [USA], May 8 : The share of US dollar reserves held by central banks fell to 59 per cent -- its lowest...

There's evidence major central banks diversifying away from USD: Credit Suisse

Jan 19, 2023

At present, the US dollar represents slightly more than 60 per cent of global foreign exchange reserves at central banks, compared to more than...

India's foreign exchange reserves fall by $4.6 billion

Jun 17, 2022

New Delhi [India], June 17 : India's foreign exchange reserves for the week that ended on June 10, 2022, declined by $4.59 billion dollar...

Pakistani rupee registers all-time low amid falling foreign currency reserves

May 12, 2022

Islamabad [Pakistan], May 12 : Ahead of the delay in the revival of the International Monetary Fund (IMF) programme and falling foreign currency reserves,...

Pakistan bans import of non-essential luxury items to 'stabilize economy'

May 20, 2022

Islamabad [Pakistan], May 20 : Pakistan has announced a ban on the import of 38 non-essential luxury items under 'emergency economic plan' amid the...

Islamabad craves 'dollar injection' against dipping foreign currency reserves

Apr 26, 2022

Islamabad [Pakistan], April 26 : As Pakistan's foreign currency continues to witness a drop-down, the crisis-hit country requires dollar inflows of USD 9 to...