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foreign reserves

zimbabwe’s-central-bank-to-shield-gold-backed-currency-from-market-volatility

Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility

Leave a Comment / Bitcoin, Crypto Hacked, Cryptocurrency, Ethereum, Exchange rate, foreign reserves, Gold-backed currency, News Bytes, Newsbyte-3 / / / , , , ,

Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold (zig) from severe market disruptions. He also pledged to maintain a tight monetary policy to ensure stable inflation and exchange rates. The zig, a gold-backed currency, has experienced a decline in value against […]

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euro’s-reserve-currency-status-threatened-as-its-share-of-foreign-reserves-holdings-drops

Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops

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A report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage point to 20% in 2023. According to the report, the continued diversification of global reserve portfolios into nontraditional currencies threatens to further erode the euro’s share of foreign exchange reserves. Euro’s Decline Coincides with US

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