The share of euros in the world's rising powers' reserve holdings has fallen to its lowest level since 2002, dashing hopes that the single currency will soon challenge the USD for global primacy. IMF data show that emerging nations have cut the weighting of EMU bonds in their reserves to 24.7% from a peak of 30% at the onset of Europe's crisis 3 years ago, with a record drop in the third quarter of 2012.
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