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Bangkok Post
Bangkok Post
Business

DARK SECRETS: Global currency reserves falling at record pace | Vintage Vibes

(Reuters File Photo)

Global foreign-currency reserves are falling at the fastest pace on record, as central banks from India to the Czech Republic intervene to support their currencies.

Reserves have declined by about US$1 trillion, or 7.8%, this year to $12 trillion, the biggest drop since Bloomberg started to compile the data in 2003.

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