On the dollar as a reserve currency.
Author | Rees, Matthew |
Position | Just the Facts: TIE's Executive News Service: Dollar - International Monetary Fund - Dollar share shrinks from total world currency - Brief article |
"Between 2001 and the end of 2007, the dollar's share of the world's total foreign exchange reserves shrank from about 73 percent to 64 percent, as the euro expanded from about 18 percent to more than 25 percent, according to the International Monetary Fund. That change does not reflect a selling of dollars, the monetary fund reports. Rather, it...
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