Sentences with phrase «by dollar reserves»

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.

The former Bank of Italy governor, when asked by a reporter in 2013 what role gold plays in a central banks portfolio, answered that the metal was «a reserve of safety,» adding, it gives you a fairly good protection against fluctuations against the dollar.

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.

And despite America's spending habits, the greenback is still seen as a safe haven whenever financial crises — including ones caused by Americans — hit because most major countries want to maintain the value of their national reserves, which include dollar - denominated assets.

The decreasing reserves mostly reflect the rising U.S. dollar (which shrinks the value of non-dollar reserves) and a switch by some onshore Chinese corporates to yuan financing rather than U.S. dollar financing (a welcome trend).

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 Eastern Caribbean dollar, which the bank issues, is pegged to the US dollar and is backed by substantial foreign currency reserves.

Ordinarily, creating trillions of dollars of reserves through QE (or buying a $ 1 trillion coin) would overwhelm any conceivable demand by banks for interbank funds, forcing the Fed funds rate down to zero.

Banks can expand their lending by about eight dollars for every dollar of their reserve, so they make a lot more money out of doing this than they do out of renting you vault space.

Due to the massive debt being amassed by government spending, the role of the dollar as the global reserve currency is threatened.

First, by insisting at Bretton Woods in 1944 that the US Dollar be the international reserve currency.

The future of the US dollar as the global reserve currency is one of the special topics tackled in great detail this year, as is the rise of populist politics, and potential «black swans» or «gray swans», which continue to lurk in the global financial landscape, awaiting discovery by the unwary.

The Chinese businesses and individuals have amassed a lot of wealth, most of it held in US dollar reserves and treasury stock backed by the dollar.

It seems more likely Beijing would consider taking over foreign businesses, especially given its largest US$ 1.9 trillion foreign exchange reserve in the world, and the appreciation of its currency by 9 % y - o - y against the US dollar, or 40 % y - o - y against the Canadian dollar, or over 20 % against both currencies since July 21, 2005 when the Chinese central bank allowed its RMB to float.

It highlights common fears about the stablecoin which is claimed to be fully covered by U.S. dollar reserves.

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.

The dollar's status as the world's reigning reserve currency is taken as a given by the vast majority of investors.

Effectively, the rise of the US dollar... and later the euro currency, from a single currency to a global or regional currency was supported by their huge gold reserve....

Now, you know, there was a time when the US dollar was backed by actual gold reserves.

Russia, China, and other Asian countries have figured out that the dollar reserve system is the mechanism of their economic enslavement and have started to prepare their liberation by accumulating gold in a big way before gold is formally reinstated as the world reserve currency or as a big part of that new reserve 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.

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.

Data from the last two months shows that the Reserve Bank of Australia has allowed its reserves to increase by 862 million Australian dollars.

First, the US dollar is no longer backed by gold reserves.

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.

THE RENMINBI GOES GLOBAL By Gordon Platt Pressure from BRIC countries for a new international reserve currency to replace the dollar is growing.

The margin loans lowered the borrowing costs incurred to hedge these swap trades and reduced the U.S. broker - dealer's customer reserve account deposit requirements by tens to hundreds of millions of dollars per day.

Last month, a survey of 200 Chinese institutional investors by the Economist Intelligence Unit, commissioned by US financial services giant State Street, found that 62 per cent of respondents think the renminbi will surpass the US dollar as the top international reserve currency.

The US just can not afford its dollar not to be backed by Iran's oil reserves.

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

It is alleged that ruble is only a shadow of dollar because the central bank is allowed (by the USA) to issue only as much rubles as they have dollar reserves on the US accounts, so that ruble is the «colonial dollar» and nothing more.

On the other hand, the Fed's insistence on draining dollars out of global circulation would be facilitated by any European endeavours to enhance the status of Euro as a reserve petro - currency.

Awesome money printing by the Fed has naturally led to a collapse of confidence long term in the dollar as a reserve currency.

Reserves have already risen by about $ 2bn to $ 27bn, but that may be simply because the CBN has slowed down dollar disbursement over the December / January period.

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..

As your report pointed out, the British pound was only overtaken by the dollar as the world's reserve currency in the 1970s.

That weakening, however, led Geithner to reverse himself within minutes by underscoring that the U.S. dollar would remain the world's reserve currency for the foreseeable future.

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.

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.

Mortgage insurers are required by law to build contingency reserves, meaning that in addition to the capital our companies are required to hold against the risk we insure, a portion of every premium dollar received is reserved specifically for emergencies on a countercyclical basis.

This could happen again, but it will take a large central bank that acknowledges that they have embedded losses on their US bond portfolio not reflected in current prices, and then works to limit their losses by eliminating dollar reserve.

At a 10 - year Treasury yield of 1.7 %, interest on reserves of 0.25 %, and a monetary base now at about 18 cents per dollar of nominal GDP (see Run, Don't Walk), further purchases of long - term Treasury securities by the Fed would produce net losses for the Fed in any scenario where yields rise more than about 20 basis points a year, or the Fed ever has to unwind any portion of its already massive positions.

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.

By 2020, I don't think the US Dollar will be the world's reserve currency.

The bank, however, can lend out those dollars based on the reserve ratio set by the central bank.

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).

The answer could be that while central bank interventions increased the monetary base, or M0 money supply, those dollars were held in reserve by the banking system.

Foreign Official Dollar Reserves is sized as the amount of US agency securities and US Treasury kept by abroad banks.

Bob and Tracy explore to what extent the high dollar share can be explained by a concern by reserve managers to maintain a stable value of their foreign exchange reserves in local currency terms.