Foreign central banks may hold as much as $210 billion in Canadian dollar-denominated securities – nearly double the amount estimated by the International Monetary Fund (IMF) in 2013, according to new findings by the Bank of Canada (BoC) highlighting the currency's growing appeal among reserve managers.
The Canadian dollar has been among the strongest performers as official exposure to non-traditional reserve currencies has more than tripled over the past five years and growth in global reserves
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