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MNI BRIEF: Global Euro Role Stable, Ukraine Impact Unclear-ECB

(MNI) London
(MNI) London
True

The international role of the euro remained stable in 2021, with currency indicators suggesting it was used in 19% of global transactions on average, while the euro’s share in global foreign exchange reserves increased 0.5% to 20.6%, according to ECB research released Tuesday.

The implications of Russia's invasion of Ukraine for global euro use were still uncertain, the report said.

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The international role of the euro remained stable in 2021, with currency indicators suggesting it was used in 19% of global transactions on average, while the euro’s share in global foreign exchange reserves increased 0.5% to 20.6%, according to ECB research released Tuesday.

The implications of Russia's invasion of Ukraine for global euro use were still uncertain, the report said.

Keep reading...Show less