Reported about 1 year ago
A recent report from the European Central Bank revealed that the euro's share in foreign exchange holdings decreased in 2023, dropping to 20% and accounting for a 1% decline. The ECB noted that the dollar and yen's shares increased, with official reserve managers selling euro assets. Concerns were raised about the euro zone's financial integration and outlook, while Russia's actions, including immobilizing its euro reserves, were seen as potential factors affecting the euro's global reserves share in the future.
Source: YAHOO