Dlr top world currency but euro gaining-Duisenberg

European Central Bank President Wim Duisenberg said on Friday that the dollar played a leading role among world currencies but the euro was gaining ground, despite initial disappointments.

"First, the dollar continues to play a leading role in these areas. Second, rapid changes cannot be expected...third, the euro has a prominent role in those transactions that directly involve euro area residents," he told a banking conference.

Duisenberg said the adoption of the euro by some countries as their

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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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