Interesting read on the race to attain the status of international reserve currency.
http://www.theguardian.com/business/2015/oct/06/chinas-yuan-jumps-to-fourth-most-used-world-payment-currency
Showing posts with label dollar reserves. Show all posts
Showing posts with label dollar reserves. Show all posts
Thursday, October 8, 2015
Sunday, October 31, 2010
Gold and Foreign Currency Reserves
Why does Europe hold a large percentage of its reserves as gold? Why do China and India hold their reserves primarily in dollars and euros, and only a small percentage in gold?
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