While more reserves are now held in the renminbi, it is still less than one-fourth of the total shift away from the dollar, that too mostly by Russia
Topics
Currency | US Dollar | Rupee
Just as old habits die hard, old faith in a currency too takes time to erode. So even though the dollar as an international reserve currency is slowly giving way to other currencies, it still rules the roost it has occupied for 50 years.
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First Published: Wed, June 15 2022. 10:52 IST
Read More:Only 58% of global reserves are now in USD. Can the renminbi replace it?
2022-06-15 05:22:00
