Sentences with phrase «dollar reserved with»

Acting - President, Yemi Osinbajo has explained that corruption and the vandalization of pipeline facilities in the Niger - Delta region were responsible for the reduction in the volume of Dollar reserved with the Central Bank of Nigeria (CBN).

This caused a run on gold so extensive that in 1971, President Nixon felt obligated to stop backing dollar reserves with it.

Not exact matches

According to the IIF, since Egypt reached agreement with the IMF in 2016, its currency has increased sharply against the dollar and that boosted its official reserves by almost double — from about $ 20 billion to $ 40 billion — and narrowed its deficit.

Moro explained that traditional banks and brokerage firms have been reluctant to act as custodians because of know - your - customer laws, and because any such firms that carry bitcoin must back it with dollar - based reserves at a one - to - one level — a formula that ties up capital, and is an unattractive proposition for the likes of Goldman Sachs or JPMorgan.

A few months earlier, Beijing had applied similar pressure on European nations, this time to join with it in an unprecedented public call to replace the dollar as the global reserve currency.

The connection is the other way around: BECAUSE the dollar is the largest reserve currency, the US gets away with large trade deficits.

There has also been only one case in history in which a currency generally recognized as the dominant reserve currency was replaced by another, and this was the replacement of sterling with the dollar, some time in the 1930s or early 1940s, again depending on your read of history.

The ratings agency Moody's maintained the US's top - notch «Aaa» credit rating Thursday, saying, «The diversity, dynamism, and competitiveness of the US economy, along with the US dollar's status as the preeminent international reserve currency and very large size and depth of the US Treasury market, offset rising fiscal pressures stemming from aging - related entitlement spending, higher debt - service payments, and recent policy actions that will likely reduce future revenues and increase expenditures.»

While foreign interest in the loonie bodes well for Canadians who shop south of the border, it will also jolt Canada's fixed - income markets as reserve managers buy liquid debt securities with the Canadian dollars they own.

With the euro no longer a viable option, she thinks the Canadian and Australian dollars are the two best choices for reserve managers who are looking to diversify.

A gold - backed dollar would also head off China's not too subtle attempt at replacement of the Greenback with the Yuan as the world's reserve currency.

With a DAF, a «ready reserve» of charitable dollars is front loaded that can be used over time to support many charitable causes.

China has a current - account surplus of over $ 200 billion with foreign exchange reserves of some $ 100 billion dollars.

With banks holding fractional reserves of Federal Reserve dollars (notes and deposit claims on the books of the Fed, whose sum is called «the monetary base»), when the Fed increases the quantity of Federal Reserve dollars by $ 1 billion, the banking system ordinarily creates a multiple amount of deposit dollars.

One thought here is the ongoing situation with Chinese outflows, with data overnight showing their FX reserves dropping the most in 10 months... as such we see the Yuan at 8 year lows against the Dollar.

The Eastern Caribbean dollar is pegged in value to the US dollar and is backed with reserves of foreign currency.

In Addition: A parallel determinant is China's effort to lessen its holdings of U.S. dollar reserves, by signing infrastructure agreements (denominated in yuan) with countries participating in its massive, long - term New Silk Road project.

Every dollar that is created is a debt owed to the Federal Reserve, which, despite its name is as Federal as Federal Express and carries as much reserve (zero) as a pocket with a hole in the bottom.

The investment objective of State Street Institutional Liquid Reserves Fund («ILR» or sometimes referred to in context as the «Fund») is to seek to maximize current income, to the extent consistent with the preservation of capital and liquidity, by investing in U.S. dollar - denominated money market securities.

A bullish argument for the US Dollar always begins with the fact that the Dollar is the global reserve currency.

Apparently we have no money to spend despite making a 20mil profit this window and over 100 mill of cash reserves kroenke is trying to get a 1 billion dollar loan to fund his new NFL stadium no wonder he's trying to show that his other assets can make money We're not signing anyone for the rest of the window Gazidis is a pushover interested in making as much profit as possible and wenger lost it can't keep up with all these younger managers

Regular folks like you & me are going nuts with these things — renting a traveling petting zoo, reserving private time at a water park, a block party complete with a DJ spinning kids» music — and these fandangos are costing hundreds of dollars or more!

As long as China runs a trade surplus with the US, it's building up dollar reserves.

Note - Out of all of the developed nations, Switzerland and Japan are the only nation with Forex reserve exceeding 500 Billion dollars.

There's not much it can do with those dollar reserves other than lending them to the US, or spending them with someone else in a third country who will then lend them to the US.

The problem with this, is that interest is to be paid on every dollar that is issued by the US Federal reserve.

With the proposed Buffalo school budget slated to pull millions of dollars out of thinning reserves to balance the spending plan, board members spent several hours Wednesday night looking for savings.

Like the rest on Wall street, He made his first $ 10 Million Dollar's by inside - trading when Solomon Brother's (where he was a partner) was sold to another company (great inside info only reserved for the member's of the inner - circle who have ton's of shares in the company) who sent him packing (in my opinion a ruse (i.e. bonus) to keep the SEC from sticking their nose into the matter) and with that money started his own business & bought his way into City Hall where he now sits on his throne denying benefits to the familie's of those who sacrificed their lives to help other's on 9/11, threaten the political future of community representatives (Councilmember's) who dared to disagree with him or voted against one of his policie's etc., etc..

And if you are traveling with a group, you might be able to reserve a smaller dorm room for added privacy and only a few dollars more.

World Singles was operating on fumes; I think that my initial investment was a mere 10 or 12 thousand dollars with even less in reserves.

The problem with Million Dollar Baby is neither its fighting sequences (good) nor, in truth, its performances (nothing special, but not awful), but rather that it treats us like stooges by narrating every step with a careful, paternal clarity reserved for the dumbest kid in class.

The Constitutional amendment directs billions of dollars, beginning with the 2015 - 16 budget, into the state's own emergency reserve account.

We once had rules that allowed everyone a fair shot at the American dream and access to democracy, but now access to government is reserved for the most powerful and influential with millions and millions of dollars to buy elections.

Wealthy private schools with millions of dollars in their coffers, in both capital holdings and cash reserves, continue to receive excessive state and federal support.

Our reserve model with upgraded ecoboost, tech and driver's packages is on par with the SQ5 for several thousand dollars less.

Reserve Price Policy: We do not discuss reserve prices — Please understand as this is an auction, asking us for our reserve price is like us asking you for your highest dollar figure.Please check out the item throughly to your satisfaction & place your maximum bid accordingly.If you have a reasonable offer in mind that you would like to present then please send us an e-mail with it & we will gladly take it into consideration.

He raised taxes at a time when the average family was near or in starvation mode, he confiscated all of the nation's privately - owned gold and then promptly devalued the dollar by 40 % (reducing the buying power of any saved dollars by almost half overnight), he raised bank reserve requirements numerous times (taking yet more cash out of the real economy so it could be hoarded in vaults), he actively supported a trade war with tariffs that created massive global imbalances (some would argue ushering in the rise to power of fascist regimes that would have had no chance in times of prosperity), and perhaps most damning, rather than plowing most of those raised tax dollars back into the stalled economy, he instead bought gold on the global markets for the government and sequestered it, keeping it from backing new dollars (monetary expansion, which most understand is required to turn a recession around) and instead further crushing the economy — and not just the US economy.

Even for insurance carriers with tens of billions of dollars in claim reserves and the right reinsurance, that's still more exposure than is prudent for a company to take on.

It is a reserve for a day when something is needed (as opposed to desired or wanted) that can not be purchased with dollars, or other assets.

Along with China, their huge depreciating Dollar reserves are fueling inflation.

Period IV covers 1945 - 73, the Bretton Woods era of rising gold reserves, with European countries and Japan amassing sizeable new post-war holdings as central banks exchanged surplus dollars for gold from the U.S. treasury.

There's another major long term bullish factor for gold and silver that never existed before: China is attempting to destroy the U.S. dollar's reserve currency status with a Yuan that's backed by the gold standard.

And what will they do with all of those dollar reserves?

What exactly does the dollar being a reserve currency have to do with American stocks being a more stable choice?

Perhaps it's easy when you are the world's reserve currency, and few argue with taking down IOUs denominated in US Dollars, at least for now.

In the banking system, with borrowers having few projects expected to be profitable, trillions of dollars of bank reserves would also simply sit idle on bank balance sheets.

With Fed Funds, you can understand how the announcement alone can change the rate by understanding a) that the entire variation in bank reserves that determines the Fed Funds rate amounts to only a few billion dollars, and b) banks are generally willing to follow the rate «called out» by the Fed so long as it doesn't affect the spread they earn.

People's Bank of China Governor Zhou Xiaochuan said he wants to replace the dollar, installed as the reserve currencyWorld War II, with a different standard run by the International Monetary Fund (IMF).

It will happen later for those countries with large reserves of hard currency assets, especially the dollar.

Dollar Soars as China Surprises Markets with Reserve Requirement Hike The U.S. Dollar is soaring as China surprised the Forex markets with a 50 basis point hike in its bank reserve requirements.