2013-10-30

The Incredible Shrinking Euro: IMF COFER Shows Diversification Happening At Expense of the Euro

While the U.S. dollar has stabilized as a percentage of central bank reserves the past couple of years, the euro has borne the brunt of diversification. The 2013 numbers are as of Q2 and preliminary. Canadian and Australian dollars are now broken out. Adding them back into Other would put the total over 6%, up strongly from the 4% of the past couple of years.

This chart shows the change over time.

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