Tue, Jul 25, 2017
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies more

IMF to add AUD and CAD as reserve currencies; which one’s next?

Posted on 08 March 2013

IMF confirmed that the AUD and CAD will appear as reserve currency within three months. This emphasizes the spiraling demand for additional reserve currencies and the New Zealand dollar has the best chance to join the list, according to experts.
“The IMF is expanding the list of currencies separately identified in the Composition of Foreign Exchange Reserves reporting (COFER) template,” said an IMF spokeswoman as cited by The Wall Street Journal. “The implementation of the revised COFER Report Form, with separate identification of the Australian dollar and Canadian dollar, is scheduled for the first half of 2013.”……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
July 2017
S M T W T F S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031