Central banks become net dollar sellers

The world's central banks have become net sellers of US dollar-denominated assets for the first time in more than two years.

Washington revealed that in March, for the first time since September 2002, global central banks sold a net $14.4 billion in US assets in the largest sale since August 1998, the Financial Times reported on Tuesday 17 May.

The Central Bank of Norway was conspicuous in off-loading dollars, as it sold $17 billion of US Treasury instruments during March.

At the same time, private

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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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