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Foreign exchange reserves (also called Forex reserves or FX reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities. However, the term in popular usage commonly includes foreign exchange and gold, SDRs and IMF reserve positions. This broader figure is more readily available, but it is more accurately termed official international reserves or international reserves. These are assets of the central bank held in different reserve currencies, mostly the US dollar, and to a lesser extent the euro, the UK pound, and the Japanese yen, and used to back its liabilities, e.g. the local currency issued, and the various bank reserves deposited with the central bank, by the government or financial institutions. From Wikipedia under the
GNU Free Documentation License  treasury.gov.au 264px x 488px | 6.60kB [source page] Source Bureau of Economic Analysis These data actually understate the importance of Asian official purchases as they cover only purchases from United States residents Hence they do not  nationalbanken.dk 312px x 517px | 2.10kB [source page] Compensation for the hurricane in December 1999 is included as capital outflows in 1999 and as capital inflows in 2000 Chart 13 The foreign exchange reserve  usar.army.mil 336px x 448px | 63.70kB [source page] Foreign exchange program 2009 Celebrating 25 Years Germany and the United States 1984 2009 From Yahoo Image Search: "Foreign reserve"  investmentu.com Alexander Green Mon, 18 Jan 2010 18:22:16 GM China, in April 2009, had a . foreign. currency . reserve. of over $2 trillion of which $1.6 trillion was US bucks. By November 2009, they had reduced their USD holdings by about half. They have been supporting the USD on one hand, ...  mpettis.com Michael Pettis ue, 02 Feb 2010 15:44:38 GM Let us leave aside that the PBoC's reported reserves are a lot more than $2 trillion, and that if correctly accounted they would be pretty close to $3 trillion. China's . foreign reserves. are certainly huge. They add up to an amount equal ...  finance.blogandinfo.com admin Sat, 15 May 2010 06:37:33 GM We must dissolve the Federal . Reserve. banking cartel. It is presently bankrupt. I masks the fact that it is bankrupt by printing more money. We must dissolve this piece of British filth and plant a National Bank upon its rotting corpse. ... From Google Blog Search: "Foreign reserve"  online.wsj.com Thu, 17 Jun 2010 21:14:22 GMT+00:00 Wall Street Journal For the first time in six weeks, the US commercial paper market saw gains, a sizeable $18.3 billion on an unadjusted basis, according to Federal Reserve ... Fed to Touch Extension Chord - Up and Down Wall Street Daily - R. Forsyth Barron's Treasuries Head for Weekly Gain on Struggling Recovery, Prices San Francisco Chronicle Treasuries Head for Weekly Gain on Outlook for Lower Inflation San Francisco Chronicle  news.scotsman.com Sun, 20 Jun 2010 23:08:09 GMT+00:00 Scotsman ... reserve to pay for military operations in Afghanistan. The Foreign Office set aside 118m towards its efforts in Afghanistan for this financial year. ... Afghanistan and Iraq 'have cost taxpayers 20bn' Telegraph.co.uk Iraq and Afghanistan cost over 20bn Defence Management Iraq and Afghan wars 'top 20bn' BBC News  marketwatch.com Mon, 21 Jun 2010 19:11:35 GMT+00:00 MarketWatch (press release) The diversified gold production Company expects to further expand its Reserve and Resource Estimates in East Malaysia and Vietnam through continued ... From Google News Search: "Foreign reserve" Does individuals' foreign currency savings at banks count as a part of that country's foreign reserve? Q. i.e. If i save 1000 Euro on my account of Bank of America, does amount contribute to US's foreign reserve? Or if i save 1000USD at a Chinese bank in China, does that contribute to China's foreign reserve? Thanks so much for your answer. I understand you point, but here is the new question. I do know in China, you can open a USD account without converting your USD to RMB. But it will still not count towards its foreign reserve, right? And if i save my EUR at a safe deposit box, isn't that same as a checking account but not in USD? Commercial banks should put reserves at central bank (certain % set by central bank) for all the savings they get. Then in that sense, shouldn't cental bank also get a portion of savings in foreign currency… [cont.] Asked by car towed - Wed Mar 5 19:12:11 2008 - - 2 Answers - 0 Comments A. You cannot deposit 1000 Euros at a Bank of America. They will kindly exchange them into dollars for you which they will then accept as a deposit. They will then send those Euros to the Fed to exchange for dollars. Once the Euros end up in the hands of the Fed they are counted as part of the Fed's foreign currency reserves. If, however, you want to keep the Euros themselves in a bank the only way to do that is in a safe deposit box, in which case they remain in your hands and do not count as foreign currency reserves. The moral of the story is that only foreign currency held by a country's central bank counts towards that country's foreign currency reserves. Answered by Hubris252 - Wed Mar 5 19:36:01 2008 If the federal reserve buys dollars in the foreign exchange market but does not sterilize the interventions, w Q. If the federal reserve buys dollars in the foreign exchange market but does not sterilize the interventions, what will be the impact on international reserves, the money supply, and the exchange rate Asked by tessa - Mon Dec 3 23:53:40 2007 - - 1 Answers - 0 Comments A. If the federal reserve buys dollars in the foreign exchange market but does not sterilize the interventions, the international reserves of the US ( assuming that the Fed does not spend the freign exchange bought, it has to keep them as foreign exchange reserves held abroad) will increase, the money supply will increase (as the Fed buys the foreign exchange, it will create money by first creating excess reserves of banks with the Fed and then the money multiplier process operates to create credit and deposits), and the exchange rate will fall ( as the Fed has mopped up a part of the foreign exchange supply in the market).. Answered by sensekonomikx - Tue Dec 4 02:47:54 2007 What macroeconomic concepts can I use to analyze foreign exchange reserves
Q. We were asked to analyzed this article The law of supply is the only thing that I can think to use in this article. Well, it is a micro-economic concept but our class is macroeconomics. What macroeconomic concepts can I use? Asked by Smiley24 - Tue Aug 5 04:20:32 2008 - - 1 Answers - 0 Comments A. :) law of supply may not be the right tool to analyze this in this article you may analyze the possible change in BOP (improved) Exchange rate (may rise) interest rates ( may rise reflecting a rise in C and I ) inflation and unemployment international confidence, leading to more investments GDP etc Answered by farrukh_phd - Thu Aug 7 04:20:17 2008 From Yahoo Answer Search: "Foreign reserve" |
