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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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The IMF Managing Director doesn’t expect a sudden shift in US dollar reserves.

Kristalina Georgieva, Managing Director, International Monetary Fund, speaks at the 2023 Milken Inst... Kristalina Georgieva, Managing Director, International Monetary Fund, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. REUTERS/Mike Blake
Kristalina Georgieva, Managing Director, International Monetary Fund, speaks at the 2023 Milken Inst... Kristalina Georgieva, Managing Director, International Monetary Fund, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. REUTERS/Mike Blake

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On Wednesday, the IMF’s managing director indicated she doesn’t expect US dollar holdings to change quickly.

Kristalina Georgieva stated, “We don’t expect a rapid shift in reserves because the reason the dollar is a reserve currency is because of the strength of the US economy and the depth of its capital markets.”

“Don’t kiss your dollars goodbye just yet,” Georgieva told Bloomberg’s Qatar Economic Forum in Doha.

 


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