Don’t kiss your dollars goodbye just yet, says IMF chief


- Advertisement -

Kristalina Georgieva, the managing director, of the International Monetary Fund (IMF) said on Wednesday (24 May) she does not expect there to be a rapid shift in reserves of the US dollar.

Asked about de-dollarisation of the world, Georgieva said: “We don’t expect a rapid shift in reserves because the reason the dollar is a reserve currency is because of the strength of the US economy and the depth of its capital markets.”

“Don’t kiss your dollars goodbye just yet,” Georgieva said, speaking at the Qatar Economic Forum in Doha, organised by Bloomberg.

In recent times, Several countries including China, Russia and Brazil have taken steps to reduce their reliance on the US dollar in international transactions and financial markets.

- Advertisement -


Please enter your comment!
Please enter your name here

Share post:




More like this

Newmont plans to divest six mines, cut jobs to reduce debt after Newcrest buy

Newmont Corp (NEM.N), opens new tab on Thursday beat analysts' estimates...

Gold Fields eyes rapid ramp-up at new Chile mine, lifts output forecast

South Africa's Gold Fields (GFIJ.J), opens new tab on Thursday raised...

Emerging economies must grow ‘much faster’ to repay debt, says World Bank

The World Bank warned that high borrowing costs have...

Ghana’s LNG project on target for year-end completion, regulator says

Ghana’s top oil regulator expects the country’s long-delayed natural...