In our view, ad hoc bilateral loans and deposits are serving to support Egypt's international reserve
position at current low levels, buying Egypt a limited amount of time to deliver more sustainable public finances and avoid a balance of payments crisis.
Turning to consider future possible reserve currencies, hat would have to happen for the Chinese RMB to merge as an international reserve
Consequently, international reserve
accumulation is likely to accelerate in H2'10.
Oil exporters in the Middle East and North Africa region are expected to increase their international reserve
positions by over $100 billion in 2010 as oil prices rebound, the IMF said.
Summary: There is no alternative to the dollar as an international reserve
currency at present, but it would be desirable if an alternative could be created, Libya's central bank governor said Thursday.
DUBAI: Oil exporters in the Middle East and North Africa region are expected to increase their international reserve
positions by over 100 billion dollars in 2010 as oil prices rebound, the IMF said on Sunday.
5 MMBoe in 2005, and international reserve
additions from all sources are expected to total 19.
and Nancy Marion (2002) International Reserve
Holdings with Sovereign Risk and Costly Tax Collection.
Might the dollar eventually follow the precedent of the pound and cede its status as leading international reserve
The significance of this shift can be seen in the numbers which the Russian central bank released: According to the data, the amount of gold in the Russian international reserve
assets increased by 152.
Before China's recent announcement, twenty-five countries had already set up such funds to better manage their excess international reserve
holdings, while an additional six countries had announced plans to set up their own funds.
Our research leads us to conclude that the recent large buildup of international reserve
holdings in East Asia is motivated by the experience of the recent Asian financial crisis.