Will the dollar remain the world’s reserve currency?
Executive summary
Trends in reserve management: 2023 survey results
The role of gold in central bank reserves
Will the dollar remain the world’s reserve currency?
Interview: Golan Benita
Reserve management at the BCB
NDF interventions in Latin America
Appendix 1: Survey questionnaire
Appendix 2: Survey responses and comments
Appendix 3: Reserve statistics
The US and other developed nations imposed a set of sweeping financial sanctions on the Russian economy following Russia’s invasion of Ukraine in February 2022. These effectively froze around 50% of the country’s $630 billion international reserves portfolio. Additionally, it prevented some of the country’s banks from using global financing messaging system Swift. International assets of leading businessmen and officials close to the Kremlin were also seized. In this way, the so-called weaponisation of the dollar served to blatantly use the greenback’s global reserve currency as a foreign
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