Euro's reserve growing, ECB's Issing says

The euro's growing role as a global reserve currency is "unavoidable", the European Central Bank's chief economist Otmar Issing said on Monday 26 April.

The ECB is "neither impeding [nor] fostering" the euro's opportunity to gain against the U.S. dollar as a global benchmark currency, said Issing, a member of the ECB's executive board.

Issing made the remarks as part of a conference on the euro held at the Chicago branch of the U.S. Federal Reserve.

The bank plays a "neutral" role in this proces