Reserve managers diversify away from traditional currencies, report finds
Non-traditional currencies such as the Australian and Canadian dollars and the Scandinavian currencies are playing an increasingly important role in central bank reserve portfolios in the wake of the financial crisis, according to the results of a survey released by Central Banking Publications on April 13.
Based on responses from 39 reserve managers, responsible for reserves worth a total of $3.5 trillion, which is estimated to account for 35% of global reserves, the survey found one-fifth of
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