IMF Managing Director says she does not expect a rapid shift in US dollar reserves
FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks during a conference hosted by the Vatican on economic solidarity, at the Vatican, February 5, 2020. REUTERS/Remo Casilli
The International Monetary Fund's managing director said on Wednesday she does not expect there to be a rapid shift in reserves of the US dollar.
Asked about de-dollarisation of the world, Kristalina Georgieva said, "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 said, speaking at the Qatar Economic Forum in Doha, organised by Bloomberg.
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