BIS Quarterly Review, March 2005

The Bank for International Settlements published its March 2005 Quarterly Review on Monday 7 March. In the report the BIS said that Asian banks have reduced the share of deposits held in US dollars in favour of other currencies like the euro.

The share of U.S.-dollar-denominated deposits placed with Asian banks fell to 67 percent from 81 percent in September 2004 compared to 2001, according to the Basel-based BIS's latest quarterly report.

"The BIS banking statistics provide some tentative

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