(Bloomberg) -- The dollar's share of global
foreign-exchange reserves fell to the lowest level in at least
eight years as central banks accelerated purchases of euros, the
International Monetary Fund said.
Dollars accounted for 64.2 percent of reserves in the first
quarter, down from 64.6 percent in the prior three months, the
IMF said today in Washington. The share of euros climbed to 26.1
percent from 25.9 percent, reaching its highest proportion since
the single currency was introduced in 1999.
Read more at Bloomberg Currencies News
foreign-exchange reserves fell to the lowest level in at least
eight years as central banks accelerated purchases of euros, the
International Monetary Fund said.
Dollars accounted for 64.2 percent of reserves in the first
quarter, down from 64.6 percent in the prior three months, the
IMF said today in Washington. The share of euros climbed to 26.1
percent from 25.9 percent, reaching its highest proportion since
the single currency was introduced in 1999.
Read more at Bloomberg Currencies News
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