IMF figures show advanced economies loading up on Australian dollars

Australian dollars

The International Monetary Fund's (IMF) latest set of data for the currency composition of official foreign exchange reserves (Cofer) is the first to separate out holdings of Australian dollars and Canadian dollars – and finds both are increasingly popular with reserve managers around the world.

The quarterly total of foreign exchange reserve holdings continues to edge up – the last time the Cofer figures registered a drop was in the first quarter of 2009 – with the latest data, for the first qu

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