By Jamie McGeever Demise of dollar's FX reserve omnipotence greatly exaggerated: McGeever ORLANDO, Florida, - After two decades of the dollar's share of global foreign exchange reserves gradually eroding to less than 60%, economic, financial and geopolitical stars are aligning to halt that trend in the next few years and possibly even reverse it. But according to the OMFIF's 'Global …
Chennai: Several Central banks have been increasing gold holdings in their forex reserves. “Looking at global FX reserves, the most notable development during 2022-23 has been an increase of gold purchases by central banks,” First Deputy Managing Director of IMF Gita Gopinath said in a speech. This suggests that gold purchases by some central banks may have been driven by …
