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    Central Banks Plan to Reduce US Dollar Holdings

    3 weeks ago

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    A survey by the Official Monetary and Financial Institutions Forum reveals that global central banks intend to decrease their US dollar holdings for the first time in three years, opting for the euro and China's renminbi instead. This shift is driven by geopolitical risks and a move towards diversification, with expectations of dollar assets dropping to 52% in the next decade.
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