COTW
October 14th, 2009, 12:33 PM
From the New York Post:
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Over the last three months, banks put 63 percent of their new cash into euros and yen -- not the greenbacks -- a nearly complete reversal of the dollar's onetime dominance for reserves, according to Barclays Capital.
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Currently, dollars account for about 62 percent of the currency reserve at central banks -- the lowest on record, said the International Monetary Fund (http://www.nypost.com/t/International_Monetary_Fund).
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HERE (http://www.nypost.com/p/news/business/dollar_loses_reserve_status_to_yen_hFyfwvpBW1YYLykSJwTTEL%3Bjsessionid%3D65E301CF47ED50D15170F8D6530791C5)
This should get the ball rolling.
...
Over the last three months, banks put 63 percent of their new cash into euros and yen -- not the greenbacks -- a nearly complete reversal of the dollar's onetime dominance for reserves, according to Barclays Capital.
...
Currently, dollars account for about 62 percent of the currency reserve at central banks -- the lowest on record, said the International Monetary Fund (http://www.nypost.com/t/International_Monetary_Fund).
...
HERE (http://www.nypost.com/p/news/business/dollar_loses_reserve_status_to_yen_hFyfwvpBW1YYLykSJwTTEL%3Bjsessionid%3D65E301CF47ED50D15170F8D6530791C5)
This should get the ball rolling.