Global US Dollar Shortage Rises As Emerging Markets Lose Reserves
May 3rd 2020 2:50pm EDT
Global US Dollar Shortage Rises As Emerging Markets Lose Reserves Authored by Daniel Lacalle, The pace at which emerging market economies are losing FX reserves is staggering. In March, emerging economies lost around $1.5 billion in foreign exchange reserves per day, according to Bloomberg. Saudi Arabia alone lost $27 billion in reserves in March, according to […]
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