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Home»Finance»IMF Managing Director says she does not expect a rapid shift in US dollar reserves
Finance

IMF Managing Director says she does not expect a rapid shift in US dollar reserves

May 25, 2023No Comments1 Min Read
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DOHA, Could 24 (Reuters) – The Worldwide Financial Fund’s managing director mentioned on Wednesday she doesn’t anticipate there to be a speedy shift in reserves of the US greenback.

Requested about de-dollarisation of the world, Kristalina Georgieva mentioned: “We do not anticipate a speedy shift in reserves as a result of the rationale the greenback is a reserve foreign money is due to the energy of the US financial system and the depth of its capital markets.”

“Do not kiss your {dollars} goodbye simply but,” Georgieva mentioned, talking on the Qatar Financial Discussion board in Doha, organised by Bloomberg.

Reporting by Andrew Mills and Aziz El Yaakoubi; Modifying by Toby Chopra

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