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IMF Managing Director says she does not expect a rapid shift in US dollar reserves

Published 05/24/2023, 05:35 AM
Updated 05/24/2023, 05:41 AM
© Reuters. FILE PHOTO: Kristalina Georgieva, Managing Director, International Monetary Fund, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. REUTERS/Mike Blake

DOHA (Reuters) - 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.

© Reuters. FILE PHOTO: Kristalina Georgieva, Managing Director, International Monetary Fund, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. REUTERS/Mike Blake

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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