Beijing has put a brave face on this move, saying it is designed to get the yuan included in the International Monetary Fund's
reserve assets known as special drawing rights.
Not exact matches
Known as the limited - liability company (LLC), this structure offers the best of all corporate worlds for many new businesses: personal -
asset protection (normally available only to shareholders of C corporations), elimination of corporate - level taxes (a benefit normally
reserved for partners or S - corporation owners), and flexible ownership rules (which S corporations in particular lack).
Western
Asset / Institutional Cash
Reserves Portfolio is
no longer a reverse repo counterparty, effective August 30.
The Triffin Dilemma, as this problem is
known, points out that if foreign growth is high enough relative to US growth that the need for US dollar
reserves grows faster than the US economy, the resulting US current account deficit will require that the US sell
assets fast enough, or that US obligations to foreigners grow fast enough, eventually to put the US economy at risk.
The largest component of foreign exchange
reserves is
known as foreign currency
assets (FCA).
The key drivers of the Savings Glut, however, have weakened or reversed: China's growth is rebalancing toward domestic consumption, and its stock of foreign exchange (FX)
reserves has declined; other Asian emerging markets have already accumulated sufficient FX
reserves and
no longer need to accumulate
assets; and the plunge in oil prices is forcing a number of oil exporters to reduce savings to delay or smooth the adjustment in expenditures.
Saskatchewan Premiere Brad Wall spearheaded a national campaign to oppose the deal on grounds that Potash Corp.'s scale — it owns about one - third of
known world
reserves of potash, a key ingredient in fertilizer — made it a national strategic
asset that should be kept in Canadian hands.
The world's fossil fuel
reserves (also
known as «
assets»), far exceed that budget.
Maduro, who is
known for his leftist stance in politics, confirmed that petro would be backed by traditional
assets such as gold and diamond
reserves, oil, and gas.