Sunday, January 29, 2023
  • Login
198 Japan News
No Result
View All Result
  • HOME
  • BUSINESS NEWS
  • VIDEO NEWS
  • FEATURED NEWS
    • JAPAN US TRADE NEWS
    • JAPAN EU NEWS
    • JAPAN UK NEWS
    • JAPAN INDIA NEWS
    • JAPAN RUSSIA NEWS
    • JAPAN GULF NATIONS NEWS
    • JAPAN AFRICA NEWS
    • JAPAN EGYPT NEWS
    • JAPAN NIGERIA NEWS
    • JAPAN MEXICO NEWS
    • JAPAN BRAZIL NEWS
    • JAPAN THAILAND NEWS
    • JAPAN INDONESIA NEWS
  • CRYPTO
  • POLITICAL
  • TECHNOLOGY
  • JAPAN AGRICULTURE NEWS
    • JAPAN MANUFACTURE NEWS
    • JAPAN AGRICULTURE NEWS
    • JAPAN IMMIGRATION NEWS
    • JAPAN UNIVERSITY NEWS
    • JAPAN EDUCATION NEWS
    • JAPAN VENTURE CAPITAL NEWS
    • JAPAN JOINT VENTURE NEWS
    • JAPAN BUSINESS HELP
    • JAPAN PARTNESHIPS
  • ASK IKE LEMUWA
  • CONTACT
198 Japan News
  • HOME
  • BUSINESS NEWS
  • VIDEO NEWS
  • FEATURED NEWS
    • JAPAN US TRADE NEWS
    • JAPAN EU NEWS
    • JAPAN UK NEWS
    • JAPAN INDIA NEWS
    • JAPAN RUSSIA NEWS
    • JAPAN GULF NATIONS NEWS
    • JAPAN AFRICA NEWS
    • JAPAN EGYPT NEWS
    • JAPAN NIGERIA NEWS
    • JAPAN MEXICO NEWS
    • JAPAN BRAZIL NEWS
    • JAPAN THAILAND NEWS
    • JAPAN INDONESIA NEWS
  • CRYPTO
  • POLITICAL
  • TECHNOLOGY
  • JAPAN AGRICULTURE NEWS
    • JAPAN MANUFACTURE NEWS
    • JAPAN AGRICULTURE NEWS
    • JAPAN IMMIGRATION NEWS
    • JAPAN UNIVERSITY NEWS
    • JAPAN EDUCATION NEWS
    • JAPAN VENTURE CAPITAL NEWS
    • JAPAN JOINT VENTURE NEWS
    • JAPAN BUSINESS HELP
    • JAPAN PARTNESHIPS
  • ASK IKE LEMUWA
  • CONTACT
No Result
View All Result
198 Japan News
No Result
View All Result
Home JAPAN BRAZIL NEWS

Countries accelerate shift away from US dollar

by 198 Japan News
January 1, 2022
in JAPAN BRAZIL NEWS
Reading Time: 1 min read
A A
0
Share on FacebookShare on Twitter

[ad_1]

You might also like

Neymar declares wish to stay at Paris Saint Germain

IOC chief Thomas Bach reflects on Tokyo Olympics one year later

Naveen Jindal helped me win ISSF Shooting World Cup: Mairaj Khan

Emerging markets are leading the gold-buying spree

The holdings of gold in the foreign exchange reserves of the central banks have been growing worldwide, hitting a 31-year high this year. At the same time, US dollar holdings have been dropping.

According to the World Gold Council, the banks have built up their stockpile by more than 4,500 tons over the past decade. As of September, the reserves totaled some 36,000 tons – the largest haul since 1990, and up 15% from a decade earlier.

At the same time, the presence of the dollar in foreign exchange reserves has dropped sharply over the past decade. In 2020, the currency-by-currency ratio of the greenback plunged to the lowest level in a quarter of a century.

Analysts say that the central banks, particularly in emerging economies, are continuing their shift to gold, reflecting global concerns about the dollar-based monetary regime. In the first nine months of 2021, Thailand bought some 90 tons, India 70, and Brazil 60.

Central banks and public institutions started boosting holdings of gold after the global financial crisis of 2008, which caused an outflow of funds from US government bonds, resulting in falls in the value of dollar-denominated assets.

Trust in dollar assets thus “faltered,” market analyst Itsuo Toyoshima says, as quoted by Nikkei Asia.

Gold prices have remained firm, trading at the $1,806 level per troy ounce as of December 30.

For more stories on economy & finance visit RT’s business section

(RT.com)

[ad_2]

Source link

Tags: acceleratecountriesdollarshift
Share30Tweet19

Recommended For You

Neymar declares wish to stay at Paris Saint Germain

by 198 Japan News
July 23, 2022
0

The world record transfer-breaking Brazilian has been linked with a move away from the club Paris Saint Germain forward Neymar would like to stay at the club this...

Read more

IOC chief Thomas Bach reflects on Tokyo Olympics one year later

by 198 Japan News
July 23, 2022
0

International Olympic Committee President Thomas Bach said holding the Tokyo Games amid the coronavirus pandemic meant a generation of athletes experienced what may have been a once-in-a-lifetime chance...

Read more

Naveen Jindal helped me win ISSF Shooting World Cup: Mairaj Khan

by 198 Japan News
July 21, 2022
0

New Delhi , July 21 (ANI): Mairaj Ahmed Khan, who brought laurels to the nation by winning a gold medal in the International Shooting Sports Federation (ISSF) Shooting...

Read more

Behind in polls, Bolsonaro is shunning his own campaign’s advice

by 198 Japan News
July 20, 2022
0

Brazilian President Jair Bolsonaro’s political allies and marketing advisers are struggling to convince him to run a more conventional re-election campaign, as he seeks to emulate his success...

Read more

Lula in a flak jacket: Brazil on edge as political killing mars campaign

by 198 Japan News
July 14, 2022
0

BRASILIA – The shooting over the weekend of an official in Brazil’s leftist Workers’ Party (PT) by a supporter of rightwing President Jair Bolsonaro has inflamed fears of...

Read more
Next Post

Japan research body and Mitsubishi to collaborate on U.S. fast reactor

2022 in books: highlights for the year ahead | Fiction

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry – Bitcoin News

July 24, 2022

California governor declares emergency over wildfire near Yosemite

July 24, 2022

China accuses Japan of interfering in its internal affairs on Taiwan question

July 24, 2022

Kyodo News Digest: July 24, 2022

July 24, 2022

With an eye on China, Seoul seeks to prevent tech leaks

July 23, 2022

Brands of Baseball Gloves

July 23, 2022
198 Japan News

198 Japan News will provide the latest news update as the government facing a growing challenging in preventing Japan from breaking apart along ethnic and religious lines.

198massmedia Group. USA. 3821 Dominion Drive, Dumfries, USA. 22026.

Toll Free 1 888 642 8433.
Contact: info@198japannews.com

LATEST UPDATES

FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry – Bitcoin News

California governor declares emergency over wildfire near Yosemite

China accuses Japan of interfering in its internal affairs on Taiwan question

Kyodo News Digest: July 24, 2022

With an eye on China, Seoul seeks to prevent tech leaks

Brands of Baseball Gloves

UPDATE 1-France tells Iran it’s disappointed at lack of progress over nuclear talks

Neymar declares wish to stay at Paris Saint Germain

RECOMMENDED

No Content Available

Copyright © 2021 198 Japan News.

No Result
View All Result
  • Browse the latest updates from Japan
  • Landing Page
  • Buy JNews
  • Support Forum
  • Contact Us

Copyright © 2021 198 Japan News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In