Bucket,
What percent of the global currency basket is $cdn?
"At one time, Canada's dollar was the 5th most held reserve currency in the world, accounting for approximately 2% of all global reserves, behind only the U.S. dollar, the euro, the yen and the pound sterling.[3] Because of its continuous drop in value in recent years (down to under 72 cents to the U.S. dollar on 17 December 2015, for example),[4] the Canadian dollar is less popular with central banks than it was five years earlier, for example."
So Wiki won't even try to say now... [what percent CDN$ is] because QE has so unhinged the global money/currency markets... that we would be unlikely able to even determine the USD and Euro reserves that have been printed and held in reserves by the fed and ECU.
What percent of the global currency basket is $cdn?
"At one time, Canada's dollar was the 5th most held reserve currency in the world, accounting for approximately 2% of all global reserves, behind only the U.S. dollar, the euro, the yen and the pound sterling.[3] Because of its continuous drop in value in recent years (down to under 72 cents to the U.S. dollar on 17 December 2015, for example),[4] the Canadian dollar is less popular with central banks than it was five years earlier, for example."
So Wiki won't even try to say now... [what percent CDN$ is] because QE has so unhinged the global money/currency markets... that we would be unlikely able to even determine the USD and Euro reserves that have been printed and held in reserves by the fed and ECU.
Comment