Euro won't be able to force out dollar – the IMF

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The deputy director of the European department of the International Monetary Fund (IMF) Luke Everert considers that euro won't force out dollar as the international financiers aren't interested in that "to shake the boat".

About it reports Ukrainian truth with reference to K2Kapital.

Thus Everert noted: "Change of currencies inevitably pulls for itself considerable fluctuations of exchange rates".

According to him, besides, change of currencies will strike on investors, whose portfolios considerably consist of the assets nominated in dollars.

For example, currency reserves of China which make 2 trillion dollars, the country keeps mainly in dollars.

At the same time Everert refused to make comments on appeals of the government of China to use special drawing right (SDR) of the IMF as the main reserve currency.

He noted that transformation of SDR into the main reserve currency was "technically" expedient, but "politically difficult".


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