Central banks to diversify
NEWS
This was the key finding of the Global FX Strategist report published by the US investment bank last month. The report, written by Emma Lawson and Daniel Waldman, said: "If central banks are to diversify their reserves, they need viable alternatives. Some central banks view portfolio management as an attractive complement to the choice between the US dollar and other currencies."
The analysts cite moves by the Government of Singapore Investment Corporation, Norway's Pension Fund, Russia's
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