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Countries dumping US dollars

gracecheng.com — The theme on forex reserve diversification is back on the table. The UAE has again talked of increasing the Euro portion of its forex reserves to 10% and boosting Pound and the Yen. This comes as the latest Swiss National Bank (SNB) status report shows the Euro and "other currencies" comprise a slightly higher proportion of forex reserves. However.

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  • bevanl, on 10/12/2007, -0/+1Countries rather invest in growing currencies so they can make loads of money of the value of currency. The British Pound is the strongest out of the common currencies, countries want to invest in something that has value.

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