You are here

10-year rise of global foreign currency reserves at an end

Total falls to US$11.6t in March from August 2014's record high, halting a fivefold increase that began in 2004

The euro's share of global reserves dropped to 22 per cent in 2014, the lowest since 2002, while the dollar's share rose to a five-year high of 63 per cent, the IMF reported on March 31.

New York

THE decade-long surge in foreign-currency reserves held by the world's central banks is coming to an end.

Global reserves declined to US$11.6 trillion in March from a record US$12.03 trillion in August 2014, halting a fivefold increase that began in 2004, according to data