Saturday, September 28, 2013

More on the dollar as a reserve currency

Figure below shows the most recent data from the IMF's Currency Composition of Official Foreign Exchange Reserves (COFER).

The dollar remains more or less in the same place with 62% of allocated reserves being in dollars. The euro is a distant second. Data available here. For more read this. By the way, the graph provides a short list of the limited number of currencies that do serve as international reserve currencies. Most only marginally.

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