Eurosystem currency reserves unchanged this week

GERMANY - The European Central Bank said eurosystem net foreign currency reserves were virtually unchanged at 232.6 mln euro in the week ending 5 July.

Banknotes in circulation rose by 6.4 bln euro to 315.1 bln euro, the ECB said. The gold position of the eurosystem was unchanged at 128.323 bln euro, it said. The eurosystem includes the ECB and the national central banks of the euro zone.

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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