Business Insider: Israel adds China’s yuan for the first time ever while cutting its dollar holdings in biggest currency reshuffle in a decade

Business Insider: Israel adds China’s yuan for the first time ever while cutting its dollar holdings in biggest currency reshuffle in a decade

Israel’s central bank added yuan to its reserve holdings for the first time ever.

Previously, the bank only held US dollars, euros, and the British pound.

According to the IMF, the dollar’s share of the total global currency reserves has fallen to its lowest point in over two decades.

Business Insider: Israel adds China’s yuan for the first time ever while cutting its dollar holdings in biggest currency reshuffle in a decade