The eurozone may be in the midst of a debt crisis, but the euro itself is still in strong demand as a reserve currency.
Around the world governments show little sign of ousting it from their foreign exchange holdings.
The European Central Bank has taken some of the credit with President Mario Draghi saying the Bank’s focus on preserving the stable value of the euro continued to underpin its international use as “a store of value.”
The single European currency made up 25 percent of countries’ reserves at the end of last year, down only slightly from the end of 2010.
The US dollar’s share of global reserves was virtually unchanged from a year earlier at 62.1 percent.
Despite the Federal Reserve’s stimulus measures – in essence printing more dollars – and the high US trade and budget deficits, the dollar remains the world’s dominant currency.
- 1Air France directors physically attacked after jobs loss plan confirmed
- 2Air France bosses’ shirts ripped off over jobs loss plan
- 3SOLVIT: the go-to service when public authorities don’t play by the rules
- 4Sweden ‘increasingly experimenting’ with six-hour workdays
- 5Russia ‘ready to meet’ other oil producers over market trouble
- 1Sweden ‘increasingly experimenting’ with six-hour workdays
- 2Expensive running shoes ‘rated worse’ than cheap ones, survey finds
- 3Air France directors physically attacked after jobs loss plan confirmed
- 4Air France bosses’ shirts ripped off over jobs loss plan
- 5Electric shock as Tesla’s Model X SUV finally launched
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Syrian refugee tripped by shamed camera woman is named
- 3Hungarian camera woman caught on video kicking and tripping migrants could face jail
- 4Hungarian reporter who tripped migrants apologises for her actions
- 5NASA discovers evidence of “liquid briny water” flowing on Mars
- 6Latest News Bulletin
- 7At least 220 dead in stampede outside Mecca, Saudi Arabia reports
- 8International breaking news | euronews online world breaking news in video
- 9Denmark: launches anti-migrant ad campaign
- 10Hungarian camerawoman fired after being filmed kicking migrants
- 11Why aren’t rich Gulf states welcoming Syrian refugees… or are they?
- 12Why aren’t rich Gulf states welcoming Syrian refugees…or are they?
- 13Spain: Catalan President faces ‘civil disobedience’ charges over breakaway vote
- 14Banzai back in the vocabulary as Japan passes law allowing combat deployments
- 15Exclusive: shipwatchers chart Russian hardware heading into Med
- 16Which European countries offer the most social benefits to migrants?
- 17International news | euronews, latest international news
- 18What the top tweets worldwide are saying about #refugees
- 19[Live] All the Rugby World Cup news in one place
- 20[Live] Catalonia: separatists heading for clear win in crucial elections
Wires > Business
- 04:53 CET Asian shares firm after sharp rebound in oil, BOJ in focus
- 04:18 CET Airbus, Bombardier end talks over CSeries jet investment
- 02:32 CET European buyout firms compete to buy French pharma company Cooper…
- 01:46 CET Samsung Elec says third-quarter profit likely up 79.8 percent…
- 01:26 CET Scottish Equity looks to sell 10 percent stake in Skyscanner -…
- 01:13 CET UK high street prices fall harder, food prices turn down again -…
- 01:09 CET Argos to offer same-day delivery to households across Britain
- 00:23 CET Norwegian Air CEO says $69 flights from U.S. to Europe around the…