The US dollar continues to lose ground to non-traditional international reserve currencies, but it still remains the world's main reserve currency. This is stated in the IMF's publication dedicated to the dominance of the dollar in international reserves. "The US dollar continues to lose ground," the fund said. It was noted that non-traditional reserve currencies (whose share in international reserves is increasing) are Australian, Canadian and Singaporean. the dollar, the South Korean won, the currencies of Northern Europe and especially the Chinese yuan. They, noted in the financial institution, "provide diversification and relatively attractive returns", as well as become more available for purchase, sale and storage, along with the development of digital financial technologies. in reserves are related to the politics of some large owners of reserves, particularly Russia.
The dollar continues to lose ground in reserves to non-traditional currencies. IMF
11.06.2024 10:50 |
Category
Economics
