Central-Bank Euro Holdings Lowest in More Than 5 Years, IMF Says
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The euro’s share of global foreign-exchange reserves fell from January through March to the lowest level since the third quarter of 2006, International Monetary Fund data show.
The shared currency’s percentage declined to 24.95 percent, from 25.03 percent in the previous three months, according to the quarterly data. The dollar’s portion of official reserves shrank to 62.2 percent in the first quarter, from 62.22 percent in fourth-quarter 2011. Sterling had the biggest gain, climbing to 4 percent, from 3.83 percent at the end of 2011, the most since the second quarter of 2011.