4/5/2021 12:37:18 AM GMT
The demise of America and the dollar has been an often-told tale. Some even suggested that the sharp appreciation of the purely speculative crypto-token (Bitcoin) confirmed the loss of the US and the dollar s privileged position in the world economy. In fact, quite the opposite appears to be taking place. The latest reserve data from the IMF shows that foreign central banks held more dollars in reserves than ever before at the end of last year, over $7 trillion. The more timely custodian holdings at the Federal Reserve show that Treasuries held for foreign central banks reached a new record high last month.
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