British pound passes yen in central bank reserves

According to this article by Bloomberg News published Monday 10 July, central banks around the world are increasing their holdings of British pounds.

"The pound is very attractive because it has a good return on interest rates," Hamoud Al Zadjali, president of the Central Bank of Oman, is quoted as saying.

The pound's share of reserves has risen from 3.7 percent at the start of last year and 2.7 percent in March 2004, it says.

"Latvia may buy pounds after it joins the euro," Raivo Vanags, head o

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