The Australian and Canadian dollars will be separately identified in the International Monetary Fund’s data on official reserve holdings from the third quarter, the fund said.
The so-called Aussie gained 50% since the end of 2008 and the loonie advanced 21% versus the U.S. currency as investors, including central banks, seek to diversify their holdings of dollars as well as euros. More than 75% of 60 central banks polled in February are investing in or may buy the two currencies, Royal Bank of Scotland Group Plc said April 7. The IMF releases quarterly data on US$6.1 trillion in allocated reserve assets in its Composition of Official Foreign Exchange Reserves report.
“These two currencies are expected to be included in the data from third quarter 2013,” Ismaila Dieng, an IMF spokesman, said in an e-mailed response to questions. “The proposal is to separately identify these currencies in the COFER…
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