Sentences with phrase «exchange reserves»
Exchange reserves refer to the foreign currencies that a country holds in order to facilitate international trades and stabilize its own currency. These reserves act as a safety net that a country can use to pay off its debts and ensure economic stability. Full definition
And although it has foreign exchange reserves of over $ 3.3 trillion, the reserves have actually slowed down the need to develop the domestic economy.
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At the end of 2006, 25 percent of all foreign exchange reserves held by central banks were in euros, compared to 66 percent in dollars.
She oversees foreign exchange reserve management, FX operations and the provision of investment services to foreign central banks and international organisations.
On top of this, the country was seeing its foreign exchange reserves run down as investors poured money offshore.
For example, the currency allocation of global foreign exchange reserves usually only changes by a mere % or two over a couple of years.
A recent report by the Chinese central bank indicated how there is only US$ 3.4 bn left in foreign exchange reserves, which is the lowest levels since the beginning of 2013.
The PBOC is currently the largest central bank with close to $ 3.7 trillion (USD) in foreign exchange reserves in 2017.
China has a current - account surplus of over $ 200 billion with foreign exchange reserves of some $ 100 billion dollars.
Although China's foreign exchange reserve fell in January to $ 3.23 trillion, the lowest in the past three years, Xiao Lian, an economist with the Chinese Academy of Social Sciences, said the number is still manageable.
In contrast, China's foreign - exchange reserves rose in February for the first time in eight months, providing some evidence — along with the relative stability of the Chinese renminbi so far this year — that the Chinese authorities» efforts to limit capital outflows have been having some effect.
Currently the Bank of Canada has $ 34 - billion in foreign exchange reserves at its disposal to defend the currency.
However, China wouldn't be the first country to convert part of their foreign exchange reserves into Bitcoin, as Barbados is contemplating to do the same.
The rapidly dwindling exchange reserves since 2011 and the lack of vision with regard to energy policy these last several years make one greatly fear a return to the gas and oil circumstances that landed Algeria in great difficulty.
Yesterday, foreign exchange reserves data from the People's Bank of China showed holdings fell by more than $ 512 billion in 2015 to stand at $ 3.33 trillion dollars at year - end, the lowest level in more than three years.
Last week however, SAFE said that China's foreign exchange reserves remained abundant and risks from cross-border capital movements were under control.
China's foreign exchange reserves alone have been rising for ten straight months to $ 3.119 trillion in October, placing the country in a «very strong» net foreign asset position along with others such as Germany, Seaman said.
While the country has very little debt and relatively huge fiscal exchange reserves, the drop in oil represents a huge change in Saudi Arabia's fiscal position.
Chinese authorities had been propping up the yuan, contributing to an almost $ 300 billion drop in foreign - exchange reserves over the last four quarters, as policy makers sought to deter capital outflows and encourage global usage of the currency.
At $ 3.84 trillion, China's foreign exchange reserves dwarf every other country's, accounting for a sixth of the entire world's supply.
«Following the Asian crisis in 1998, many emerging markets significantly increased their foreign exchange reserves as a precautionary measure against the future risk of destabilising capital outflows.
For the week ending on November 16, foreign exchange reserves dropped in India.
Allowing exchange rate movement (even if excessive) will, generally, be preferable to exhausting foreign exchange reserves defending a particular level of the exchange rate.
They keep saying we should no longer refer to the past, but how can we forget so soon that our foreign exchange reserves plummeted from $ 62bn in 2008 to $ 30bn by 2015, at a time when oil prices were at a historic high, reaching a level of $ 114 per barrel in 2014.
A special federal government account operated by the Bank of Canada to hold and conduct transactions in Canada's foreign exchange reserves on instructions from the Minister of Finance.
Latest reports show that China's foreign exchange reserves saw a drop of $ 99.5 billion in January to $ 3.23 trillion.
China's foreign exchanged reserves plunged 94 billion dollars just in the month of August.
As of May 23, 2012 Canada had foreign exchange reserves of $ 68.7 billion.
China's foreign - exchange reserve fell by about eight percent in 2016 to $ 3.05 trillion as of November 2016, which coincided with the weakening yuan.
Chinese Premier Li Keqiang said China 2017 GDP growth was expected to be about 6.9 percent, with foreign exchange reserves rising.
The funds would come from foreign exchange reserves held at the Bank of Canada.
Mr. Kumar's formal title at RBI includes «the entire gamut of Payment and Settlement Systems, Information Technology and external investments and foreign exchange reserves management,» his biography reads.
The yuan's top coincided with the beginning of the «tapering» of the Fed's QE3 debt monetization program and the peak in China's foreign exchange reserves at just below $ 4 trillion.
However, China wouldn't be the first country to convert part of their foreign exchange reserves into Bitcoin, as Barbados is
Note that the Bank of Ghana has already spent some $ 6.5 billion of foreign exchange reserves in the last six years to no avail.
But most global trade and financial transactions remained dollar - denominated, as did most foreign exchange reserves held by the world's central banks.
The downside: high foreign debt, «excessive» currency volatility and meagre foreign - exchange reserves.
It said China's foreign exchange reserves fell $ 512.66 billion in 2015 — the biggest annual drop on record — to $ 3.33 trillion, while China had short - term foreign debt of $ 1.02 trillion at the end of September.
The SAFE said that of the 2015 drop in foreign exchange reserves, $ 342.3 billion was due to trade and investment transactions while $ 170.3 billion was caused by currency and asset price changes.
COPENHAGEN, Oct 2 - Denmark's foreign exchange reserves, a monetary policy tool, fell by 0.9 billion crowns in September to 513.5 billion Danish crowns, the central bank said on Tuesday.
China has excess savings (such as its stockpile of $ 4 trillion in foreign exchange reserves).
At the same time, People's Bank of China was spending from the country's foreign - exchange reserves to buoy the yuan's value against the dollar.
As Reuters reports, Chinese foreign - exchange reserves have fallen by a record number in 2015 and it appears the outflows are accelerating.
China's foreign exchange reserves will be released next week and will likely set the tone for currency flows and possible interest rate moves in the near future.
The U.S. dollar accounts for about 64 percent of central banks» foreign exchange reserves.
China's public sector is out of the red, even without taking account of massive foreign exchange reserves, which couldn't easily be used to bail out domestic problems.
The authorities have also been increasingly nervous about the flow of money out of the country, which contributed to a sharp fall in the country's foreign exchange reserves in recent years, before steadying in recent months.
The yield on the U.S. 10 year Treasury bond recently hit 9 - month highs and the 2s10s spread widened on news of the Bank of Japan trimming its long - dated bond buying program and questions around China's ongoing purchase of U.S. Treasuries (USTs) with its foreign - exchange reserves.
Inside China, the foreign exchange reserves have been seen as a financial cushion for times of trouble.
The cost of maintaining the yuan's level against the US dollar has been a drop in foreign exchange reserves and an 8.3 % drop in exports in the 12 months to July.
Households have healthy balance sheets (bank deposits are 50 percent of household assets, according to DSG Asia), and China still has the world's largest stash of foreign exchange reserves, according to data accessible via Bloomberg.