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Is dollar still the reserve currency of choice?

Posted on 01 October 2012

The US dollar will unlikely to lose its status as the main reserve currency in the near future despite the current challenges facing the US economy, regional economists said. According to the International Monetary Fund data, the dollar’s share of known global reserves held by central banks slipped in the year’s second quarter.
The dollar’s share of the roughly 5.8 trillion of known reserves was 61.9 percent in the second quarter compared with 62.1 percent during the first three months of the year, Reuters reported………………………………………..Full Article: Source

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VRS - who has written 36243 posts on Opalesque Commodities Briefing.


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