Foreign currency reserves around the world shrank by 10% in the first nine months of last year, as countries like Japan struggled to defend their currencies against the rapidly strengthening dollar.
The global total fell to US$11.6 trillion at the end of September, falling below US$12 trillion for the first time since March 2020, according to the International Monetary Fund (IMF).
"This likely reflects countries selling reserves, mainly dollars, to . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here