FX reserves hit historic highs
Central bank report shows continued reserve diversification
Foreign exchange reserves hit a record high of $11.7 trillion last year, although the pace of reserve accumulation slowed compared with last year, but the share of euro-denominated reserves continued to decline, according to a report released by the European Central Bank (ECB) this month.
The euro's share as a reserve currency dropped by 0.9%, compared to 2012, and it now accounts for 24.4% of global reserves. US-dollar denominated reserves also remained stable last year, at 61.2%, while the yen
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