Hurdles remain for euro as international reserve currency

ECB in Frankfurt

The European Union aims to increase the euro’s role as an international reserve currency, but the dollar’s resilience, the incomplete monetary and banking union and the rise of China pose major challenges.

In his latest state of the union speech, the president of the European Commission, Jean Claude Juncker, lamented the continuing secondary role the euro plays in international financing and demanded change.

“It is absurd that European companies buy European planes in dollars instead of euro.

To continue reading...

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 indvidual account here: