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.
International euro bond issuance made up 24.6% of the total, an increase of nearly three per cen, the survey showedt. Euro-denominated outstanding international loans and outstanding international deposits also increased markedly, but the share of the euro in foreign exchange settlements declined. Invoicing of extra-euro imports and exports remained broadly stable, as did the euro’s share of the the outstanding stock of international debt securities.