international reserves


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Monetary Reserve

The foreign currencies and precious metals that a central bank holds. A central bank's monetary reserve allows it to regulate its own currency; that is, a central bank with a large amount of reserves in euros is likely to closely follow or even peg its currency to the euro. On the other hand, central banks that keep monetary reserves in multiple currencies are more likely to follow either a basket peg or to have a floating currency. A monetary reserve is also called a currency reserve.

international reserves

or

international liquidity

monetary assets that are used to settle BALANCE OF PAYMENTS deficits between countries; specifically, GOLD, certain FOREIGN CURRENCIES (particularly the US dollar, the EURO, Swiss franc and Japanese yen), INTERNATIONAL MONETARY FUND ‘Drawing Rights’ and ‘Special Drawing Rights’.
International reservesclick for a larger image
Fig. 99 International reserves. International reserves for 2003. Source: IMF.

international reserves

or

foreign exchange reserves

monetary assets that are generally acceptable as a means of settling BALANCE OF PAYMENTS deficits between countries. International reserves are made up of GOLD, FOREIGN EXCHANGE, INTERNATIONAL MONETARY FUND drawing rights and SPECIAL DRAWING RIGHTS (SDRs). As Fig. 99 shows, gold and foreign exchange (particularly the US dollar) are the most important reserve assets. In 2003 international reserves totalled $268,247 million.
References in periodicals archive ?
In a statement, the bank said, 'The Bank of Russia from 28 July has stopped operations in the framework of replenishing international reserves, which was connected with the rise in volatility on the domestic currency market.
This denotes comfortable international reserves for Qatar, although these have "fallen slightly" in December compared to the previous month.
There was an increase in gross international reserves and progress in some areas of structural reforms, including the privatization of state-owned assets, under the program.
Despite solid numbers, Latin American international reserves fell to 6% from 10% of the world's total foreign reserves.
International reserves hit a record US$25 billion in mid-2005, which enabled the country to end longstanding arrears with the Paris Club of bilateral creditors and buy back US$31 billion at a 60 percent discount.
With the allocation, the Net International Reserves (NIR) of the Bank of Jamaica have increased to over US$1.
This led to a depletion in international reserves which declined to levels close to three-months of prospective import cover, generally considered the minimum safety level for fixed exchange rate regimes.
Kazakhstan's international reserves exceed USD 100 billion, the gross international reserves grew by 0,8% and made up $28 billion.
By Pratap John Chief Business Reporter Driven by high hydrocarbon prices, Qatar's international reserves have edged higher, totalling $39.
Government's signing of a US$120 million bond with Scotiatrust and Merchant Bank Trinidad & Tobago Ltd will help to boost international reserves and contribute to the financing of capital works, said Prime Minister David Thompson, reports BGIS (Aug.
As a result of these reforms and initiatives, El Salvador today enjoys fiscal stability, low inflation, strong international reserves and a legal environment that supports private investment.
Strong macroeconomic tools and management systems have led to coordinated fiscal and monetary policies and a high level of international reserves.

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