The size, depth and liquidity of the dollar markets, as well as the widespread habit of using the dollar for interventions and for pricing commodities, explain its predominance. As regards its use as a store of value, we find some evidence of the growing importance of the euro. 30 percent of all international securities outstanding are denominated in euro.
This moved up to an impressive level of 52.8 per cent, 58.1 per cent and 109.9 per cent, respectively, in 2013, underscoring banking penetration for the growth in the combined State of Andhra Pradesh (Table 4). In fact, banks have played deeper role, even better in the rest of the region like Karnataka, Tamil Nadu and Kerala states. Urban co-operative banks 11.