TOKYO -- Central banks are diversifying away from the dollar and yuan while loading up their foreign exchange reserves with a "stateless currency," gold, in a nod to intensifying geopolitical tensions and global economic uncertainties.
Currencies
Central banks dump dollars and yuan in favor of gold
The 'stateless currency' shines as a haven amid geopolitical tension
According to the International Monetary Fund, as of March 2024, the total balance of global foreign reserves stood at $12.3499 trillion, with the dollar accounting for 58.9% based on currency allocation. © Reuters
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