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Official reserves |
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Official reserves Holdings of gold and foreign currencies by official monetary institutions. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The Post report followed a January 6 article by London's Financial Times: "China indicated on Thursday [January 5] it could begin to diversify its rapidly growing foreign exchange reserves away from the US dollar and government bonds--a potential shift with significant implications for global financial and commodity markets. As neither country wants its currency to rise against the dollar, they could easily expand their foreign exchange reserves by another trillion dollars in order to fund the U. Suppose China starts rebalancing its $500 billion or so of foreign exchange reserves. |
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