FRANKFURT: Investors and central bankers love the D-Mark. The German currency is second only to the US dollar as a reserve currency: 15% of the world's foreign exchange reserves are in D-Mark (dollar: 57%). It is also a sought-after investment currency: Non-German investors hold about 20% of domestic German bonds and 1.300 bn in D-Mark assets.
FRANKFURT: Investors and central bankers love the D-Mark. The German currency is second only to the US dollar as a reserve currency: 15% of the world's foreign exchange reserves are in D-Mark (dollar: 57%). It is also a sought-after investment currency: Non-German investors hold about 20% of domestic German bonds and 1.300 bn in D-Mark assets.