Central Banking

Foreign demand for euro banknotes on the rise

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2008 saw a strong increase in foreign demand for euro banknotes to the highest level observed since they were introduced, said the European Central Bank.

The Review of the international role of the euro, a study published on Wednesday, showed that the rise in demand was particularly visible in the months following the intensification of the financial turmoil in mid-September 2008, which suggested that the additional demand by non-residents was supported by the environment of heightened global fi

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