According to today's statement by the International Monetary Fund, the share of U.S. dollar in international currency reserves reached a maximum in the first quarter of 2007 level of 65% against 64.1% in the last quarter of 2008. The proportion of the single currency has dropped from 26.5% to 25.9%, the pound sterling from 4.1% to 4% and the yen from 3.2% to 2.9%. The contents of this report to fully reflect the softened rhetoric of China and Russia concerning the status of the dollar as reserve currency. Thus, on 28 June the Central Bank of China Governor Zhou Ksiaochuan stated that the policy of foreign exchange reserves of the country is "very stable" and to expect sudden changes in it are not worth it.
No comments:
Post a Comment