Zoltán Kurali on Hungary’s reserves strategy and euro adoption
The MNB deputy governor speaks about portfolio positioning amidst geopolitical volatility, AI, CBDC and the future of the forint
What is the currency allocation for your reserves management portfolio? The last time we spoke, you said the Japanese yen merited more attention from reserve managers. Can you elaborate on that? How has your thinking developed around the yen as a reserve currency?
We have asset allocations into the major G7 currencies. The key principle is diversification. The largest portfolios we have are in euros, then yen and then dollars. That’s the bulk of it, with some smaller currencies too. We have a
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