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Euro's reserve status fades as central banks cut holdings

It forms just 22% of global reserves, down from 28% five years ago
Saturday, April 11, 2015 - 05:50


QUANTITATIVE easing may be helping Europe achieve its economic targets, but it's also undermining the long-term viability of the euro by tarnishing its allure as a global reserve currency.

Central banks cut their euro holdings by the most on record last year in anticipation

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