Monday , November 18 2019
Home / venezuela / Dollar will follow the world's dominant currency for the next 25 years

Dollar will follow the world's dominant currency for the next 25 years



saving holders

Anaisa Rodríguez / 16 oct 2019.- According to a probe, the euro and the renminbi are expected to increase their participation in central bank reserves, Reuters said.

Dollars in Venezuela

The dollar currently represents 60% to 65% of the world's foreign exchange reserves reported by central banks to the International Monetary Fund.

This could be reduced in the coming decades, but only because central bank managers will increase their reserve currencies such as the euro and the renminbi, Massimiliano Castelli, head of strategy and advice for global sovereign markets. in UBS Asset Management and one of the authors of the report.

“In the end, what we think will happen in the next 25 years is that as we move forward, we will have a world with three important currencies: the dollar, the euro and the renminbi,” says Castelli.

Click here to read the full note on Reuters.

Hang tags: dollar | Massimiliano Castelli | Reuters

Noticiero Digital Channel


Source link