How important is the euro compared to other currencies on a global scale?

Jul 28, 2023 | Euro

The European Central Bank (ECB) recently published its report on the international role of the Euro. Interesting findings about the role and competitiveness of the Euro can be derived:

1️⃣In the last years, the role of the euro did not change significantly.

Chart 1

2️⃣ The euro remains the second most important currency.

Chart 2

3️⃣Share of euro in global official holdings of foreign exchange reserves increased by 0.5% to 20.5% in 2022, while share of US dollar declined.

Chart 3

4️⃣  Share of euro in outstanding stock of international debt securities increases by 1% to 22%.

Note that all figures are from the paper.

This website uses cookies. By continuing to use this site, you accept our use of cookies.