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 process

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.