The euro’s share of global foreign exchange holdings fell last year amid concerns that plans to use frozen Russian assets to finance Ukraine could further erode the appeal of Europe’s single currency.
Other countries cut euro assets in their central bank reserves by about €100bn last year, a drop of nearly 5 per cent, the European Central Bank said in a report published on Wednesday.
That reduced the single currency’s share of global foreign exchange reserves to a three-year low of 20 per cent.
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