How US dollars got spread across the world
Reuters/Issei Kato
The U.S. dollar is the world’s dominant reserve currency, making up about 64% of all official foreign exchange reserves.
The euro is second on the list. The euro had shown decent promise as a reserve currency up until 2009, when it peaked at 28% of global reserves. However, between the European Debt Crisis and years of anemic growth in major European countries, the currency has declined to 20% of official global reserves today.
Other currencies held as foreign reserves include British pounds (5%)... Читать дальше...