According to the European Central Bank, the euro is losing its credibility, trailing not just the U.S. dollar, but also the other world's currencies. The international banks holdings of euro reserves are doing nothing but decreasing, while such currencies as the Australian dollar and the Japanese yen constitute the major part of foreign reserves. In 2010, the proportion of the euro in foreign exchange reserves was estimated at 25.8%; in 2012, it amounted to 23.9%, which is the level of 2000. Meanwhile, the greenback is still the main reserve currency in the world that is proved by the last year's data of 61.9%. As for the other currencies, their portion in Forex reserves does not exceed 6%, however, that is their historically highest level.
