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.
![How important is the euro compared to other currencies on a global scale? 4 Chart 1](https://usercontent.one/wp/www.jonasgross.info/wp-content/uploads/2023/07/Chart-1.png)
2️⃣ The euro remains the second most important currency.
![How important is the euro compared to other currencies on a global scale? 5 Chart 2](https://usercontent.one/wp/www.jonasgross.info/wp-content/uploads/2023/07/Chart-2.png)
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.
![How important is the euro compared to other currencies on a global scale? 6 Chart 3](https://usercontent.one/wp/www.jonasgross.info/wp-content/uploads/2023/07/Chart-3.png)
4️⃣ Share of euro in outstanding stock of international debt securities increases by 1% to 22%.
Note that all figures are from the paper.