Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops

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Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings DropsA report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage point to 20% in 2023. According to the report, the continued diversification of global reserve portfolios into nontraditional currencies threatens to further erode the euro’s share of foreign exchange reserves. Euro’s Decline Coincides with US […]

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