Central banks shy away from euro reserves

Douglas Borthwick at Faros Trading

Central banks have slowed their accumulation of foreign exchange reserves, and in some cases reduced their allocation to the euro as a result of ongoing instability in the eurozone, according to the latest reserves data from the International Monetary Fund.

During the second quarter, the total foreign exchange holdings of the 139 reporting entities recorded by the IMF's Currency Composition of Official Foreign Exchange Reserves (Cofer) database reached $10.08 trillion; an increase from the $8.4

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

If you already have an account, please sign in here.

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