Official reserves

Official reserves

Holdings of gold and foreign currencies by official monetary institutions.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
References in classic literature ?
Bar tendered the weather, as a subject neatly aloof from official reserve, for the Foreman's consideration.
Meanwhile, gross official reserves are estimated at 8.3 billion US dollars at end July 2019, providing an import cover of 5.0 months.
It will also try to ensure a flexible, market-determined exchange rate to restore competitiveness and rebuild official reserves besides eliminating quasi-fiscal losses in the energy sector, strengthening institutions and enhancing transparency.
For the PM's Finance Adviser to say then that the exchange rate will be virtually totally left in the hands of central bank, for a country which is a net-importer of oil for example, and is in a situation where the import payments substantially outstrips export earnings and that too at the back of slim official reserves, not only increases economic uncertainty, but also indicates shirking of the mandate given by people to the government to manage the economy in all its entirety.
The official reserves of the SBP declined by $6.4 million to $8,122.9 billion as compared with $8,116.5 billion as of last week, by week ended March 08, 2019.
The reserves are a combined total of official reserves of QR110.51 billion and other liquid foreign assets of QR69.27 billion The official reserves included QR5.79 billion in gold reserves, QR57.5 billion in credit held with foreign banks and QR45.25 billion in foreign bonds and treasury bills, the QCB's data showed.
The SDRs are an international reserve established by the IMF in 1969 to complement the official reserves of member countries.
Pakistan also raised $2.5 billion in November 2017 by floating dollar-denominated bonds in the international market in a bid to shore up official reserves.
Central banks hold their official reserves of foreign exchange, and do so as a "precaution" _ in case they need to step in the foreign exchange market to stabilize exchange rates, or to provide foreign currency liquidity to local financial institutions in cases of financial difficulties.
The currency adjustment is supposed to lower foreign currency holdings from commercial banks back to official reserves and help divert remittances to official channels.
These days, the lads could play in an official reserves division for the Premier League - and move on far more quickly like this than they would simply playing academy football.