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US dollar share of global currency reserves hits near five-year low

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Global reserves are assets of central banks held in different currencies, primarily used to support their liabilities Last Published: Sat, Dec 29 2018. 07 12 PM IST Central banks sometimes use reserves to help support their respective currencies. Photo: iStock The US dollar ’s share of currency reserves reported to the International Monetary Fund fell in the third quarter to a near five-year low, while the euro’s share of reserves grew to its largest in almost four years, data released on Friday showed. The Chinese yuan’s share of allocated reserves shrank for the first time in the third quarter since the IMF began reporting its share of central bank holdings in the fourth quarter of 2016. Reserves held in Japanese yen reached a 16-year peak in the third quarter, IMF data showed. Global reserves are assets of central banks held in different currencies, primarily used to support their liabilities. Central banks sometimes use reserves to help support their respective c

Who is Spying on You? What Yahoo Hack Taught us About Facebook and Google by Mirror.co.uk - November 7, 2016

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mirror.co.uk    7 Nov 2016 By Mirror.co.uk   Yahoo would sure like to forget 2016. A string of misguided moves has led what once was considered the king of the Internet to spiral downward to the point of irrelevance.