On global currency reserves.

• Author: Rees, Matthew
• Position: Just the Facts: TIE's Executive News Service: THE DOLLAR ISSUE - Brief article

"Global currency reserves have soared from $2,000 billion in the second quarter of 2002 to $5,700 billion (3,885 [euro] billion, 2,780 billion [pounds sterling]) in the corresponding period this year, according to the International Monetary Fund. Furthermore, two-thirds of the world's reserves are concentrated in the hands of just six countries: China, Japan, Taiwan, South Korea, Russia and Singapore. China tops the league, however, with the latest official figures showing the value of its reserves at $1,443.6 billion in July."

"Central banks which have revealed the make-up of their reserves hold on average 64.7 percent in dollars, 25.5...