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CoinVoice has recently learned that the claim regarding the end of the US dollar's status as a global reserve currency may not be accurate. The International Monetary Fund (IMF) data for the first quarter shows that the total global forex reserves increased by 168 billion USD, of which 54% is in US dollars.
Steve Englander, the global forex research head at Standard Chartered Bank, stated that during previous periods of stress, reserve managers seemed to deliberately increase their holdings of US dollars to prevent a larger appreciation of their local currencies. Reserve managers may buy when the dollar is relatively cheap, while anticipating future asset market turbulence and believing it is necessary to accumulate dollar reserves in advance. (金十)