IMF to publish Australian dollar reserve holdings

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From the AFR:

The Australian dollar will from next week be included in an influential global database of central bank foreign exchange holdings, potentially supporting its status as an emerging reserve currency.

The International Monetary Fund will on June 28 publish for the first time quarterly central bank reserve holdings of the Australian currency.

The dollar is currently a part of the “other”category. This will be very interesting indeed.

Comments

  1. How big is the “other” category at the moment? If it is like 5% of total, not really a big deal, is it?