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In RealTime posts, PIIE senior staff and colleagues discuss the fast-moving economic news, financial developments, and public policy choices confronting the United States and the world.
The International Monetary Fund (IMF) released the latest update of its data on the Currency Composition of Official Foreign Exchange Reserves (COFER) at the end of March, with data through the end of 2012. From the end of 2010 through the end of 2012, the quantity share (adjusted for the effects of changes in exchange [...]
The International Monetary Fund (IMF) collects and publishes quarterly data on the currency composition of official foreign exchange reserves, known as COFER. The data are published for three groups: the world, the advanced economies, and the emerging and developing economies. For each group, allocated reserves are broken down into the traditional reserve currencies (US dollar, [...]
Newspapers are full of stories and learned commentaries about the decline in the US dollar as the premier international reserve currency. These reports, to the extent that they are based on any facts, tell only a small part of the story of the evolution of international reserve holdings in recent years. The real news is [...]
On June 30, the International Monetary Fund (IMF) will release an update of its Currency Composition of Official Foreign Exchange Reserves (COFER) database. The most recent release on March 31 indicated that over the eight quarters to the end of 2010, the dollar’s quantity share of all countries’ foreign exchange reserves had decreased by a [...]