Central banks split over impact of US sanctions on dollar reserves
De-dollarisation, if it happens, will be very slow, central banks say
Turning the international economic and financial system into a geopolitical battleground has split central banks, but most have not changed their approach to reserves management, the Reserve Benchmarks 2024 reveal.
Central banks are split on whether the weaponisation of the US dollar will impact reserve managers globally. Most have not changed their approach, nor have they increased neighbouring currency, euro or renminbi holdings. But they are expecting the dollar’s share in reserve portfolios
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