Working group minutes: rethinking dollar reserves
Central banks are seeking ways of mitigating geopolitical risk while maintaining dollar exposures
Central bankers who attended Central Banking’s latest interbank working group said they saw little option but to maintain large exposures to the dollar in their reserves. However, some of them highlighted options for mitigating geopolitical risk through different counterparties, assets and currencies.
Reserves specialists met on November 20 on the sidelines of the Central Banking Autumn Meetings in Rio de Janeiro.
One senior reserve manager from a central bank in South America said their
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