Central banks tiptoeing away from the dollar

According to this article from The New York Times published Tuesday 2 January, nations with large holdings of dollars are becoming increasingly willing to dump them in favour of the euro.

"The latest to make a major move is the United Arab Emirates, which joined Russia, Switzerland, Venezuela and others late last month when it shifted a chunk of its reserves into euros," the article says.

"There have also been ambiguous signals from China about a possible pullback from the dollar, and recent word

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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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