Sanctions will trigger reserves diversification, official says

Central Banking Spring Meetings: Speakers say geopolitics impacting reserves and inflation outlook


Geopolitical realignment is pushing central bankers to rethink the make-up of reserves, according to panellists at the Central Banking Spring Meetings. 

One official from a major Asian central bank said: There has to be diversification into non-traditional reserve currencies if sanctions are imposed on some countries.” 

Internationalisation of the currency, “or at least establishing regional trade in the local currency” is needed bilaterally or regionally, they said.

The increased number of

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