IMF May Classify Aussie, Canada Dollar as Reserve Currencies
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The International Monetary Fund said it’s considering classifying the Australian and the Canadian dollars as reserve currencies.
The two “are to be considered for inclusion” separately in the IMF’s “Currency Composition of Official Foreign-Exchange Reserves” data, the Washington-based lender said in a report published on Nov. 14. They’ve previously been included in an “other currencies” category in the COFER reports.