You advocate doing away with central banks and limiting currency issuance to the amount of foreign reserves.
Selling foreign reserves means the PBoC is raising demand for yuan denominated assets, fueling yuan strength.
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And its prudent habits resulted in perennial budget surpluses and huge foreign reserves.
Further, this only adds to expectations that China will keep adding gold to its massive foreign reserves, he said.
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Amid its revolutionary turmoil, Egypt has suffered a precipitous fall in foreign reserves and has trouble paying for fuel.
The auctions are meant to slow the depletion of the country's foreign reserves.
The central bank said the country's foreign reserves have dropped to "critical" levels.
Overall, expect SWF's to get bolder and smarter as their coffers continue to swell with oil money and foreign reserves.
By devaluing a currency in a floating exchange rate environment, the result is that trade booms and foreign reserves balloon.
It has operated as a clearing house for the foreign reserves of many countries and as a lender of short-term loans.
The island runs a large trade surplus, and its foreign reserves are the world's fourth largest, behind China, Japan, and Russia.
So instead, through the government-controlled banking system, China accumulated a couple trillion dollars of foreign reserves in US dollars and euros.
The governor of the central bank enthuses about unifying the exchange rate, but declines to say what the country's foreign reserves are.
As the world's fastest-growing big economy, with the biggest current-account surplus and foreign reserves, its currency ought by rights to be rising.
However, in the last purchase they cut their bailout bond orders to half that amount, adroitly stating holdings in the foreign reserves.
It means that foreign reserves and dollar transactions fund the U.S. economy.
Egypt is grappling with a crippling budget deficit and dwindling foreign reserves, which the central bank says have dropped to "critical" levels.
Egypt is grappling with a crippling budget deficit and dwindling foreign reserves.
Emerging and developing nations aggressively accumulated foreign reserves in the first quarter, as their high-growth economies attracted massive capital flows from so-called advanced economies.
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They are promises to provide funds if called upon (technically they are what's called a contingent liability and are part of our foreign reserves).
Ethiopia may have only a few weeks of foreign reserves left.
Ginandjar downplayed the currency board proposal to directly back the rupiah with the country's dwindling foreign reserves, saying the plan was only one of the options.
The snag is that a small revaluation is likely to increase expectations of another future appreciation, attracting yet more speculative capital and swelling foreign reserves further.
For most countries, the interest cost of domestic borrowing is greater than the return on foreign reserves, because reserve currencies tend to pay lower interest rates.
That seems reasonable, since the main reason that Thailand's currency, the baht, collapsed two years ago was a high ratio of short-term foreign debt to foreign reserves.
The U.S. is by far No. 1 with over 8, 000 tons of gold in storage, accounting for 76.6% of its foreign reserves, according to the World Gold Council.
First, there are financial investments by the state, through bodies such as CIC and the State Administration of Foreign Exchange (SAFE), which looks after the country's vast foreign reserves.
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Many developed economies, including America, France and Switzerland, still hold more than 40% of their total foreign reserves in gold, and these massive reserves are keeping the price artificially high.
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