Comment: More pounds in their pockets

According to the most recent IMF data on reserve holdings, the pound sterling has surpassed the yen as the third most popular reserve currency. A number of factors could see the pound's popularity increase further.

COMMENT BY CENTRALBANKNEWS

Recent data on the "currency composition of official foreign exchange reserves" show that the pound's share of global reserve holdings has risen from $103 bn at the end of 2005 to $115 bn at the end of the first quarter of 2006. Over the same period, the yen's

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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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