Monday, April 1, 2013

Developing Countries Bail Out Of The Euro Big Time Since 2009


"The choice of where to hold reserves sends a clear signal of which currencies developing countries regard as the most stable, safe and liquid. Euros now make up only 24 percent of their reserves, the lowest since 2002, and down from a peak of 31 percent as recently as 2009. The dollar has held steady at about 60 percent."

Read the rest, here.