This year, central bank reserve management will be shaped by three Ds: de-dollarisation, diversification and deployment. How these trends play out could have an important bearing on currency and asset markets. De-dollarisation The topic of de-dollarisation has grabbed the headlines over the past year. One group seemingly keen to reduce its reliance on the greenback is the newly expanded Brics bloc. Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia joined Brazil, Russia, India, China and South Africa on 1 January (Argentina declined to focus on efforts closer to home). Their reported plan for a common ... (full story)