In global markets, the major news saw China's currency added to the special drawing rights, which is effectively an international reserve created by the International Monetary Fund to supplement the official reserves
of member states.
Moreover, although adequate for mild shocks, official reserves
- which are partly sourced as placements or CDs subscribed by Lebanese banks - could prove insufficient in the event of large-scale currency conversions or deposit withdrawals.
The State Procurement Official reserves
the right to award a contract or reject a bid for any or all line items of a bid received as a result of this IFB, if it is in the best interest of the State to do so.
The apex bank, which had contributed USD18bn to a BRICS currency reserves pool, said that the contribution would not reduce the country's official reserves
until a member state applies for help.
Even before the IMF has made its decision, more than 60 central banks have already invested in RMB despite the fact that, according to the IMF, it cannot yet be reported as part of their official reserves
The Netherlands also increased its official reserves
by 309,000 ounces, or 1.
Liverpool's Jon Flanagan can also play right or left-back and could be one of seven official reserves
If countries manage to change their institutions, instead of trying to deal with capital flight, they've already got reserves built up overseas in the form of either official reserves
or private reserves that can then be repatriated and balance this all out," Simon said.
ISLAMABAD -- The government will start releasing wheat for local flour mills from next month (September) for smooth supply of flour and other by-products as abundant commodity stocks are available in the official reserves
The country's gross official reserves
, which include foreign currencies and gold, totalled $106 billion at the end of last year, according to the International Monetary Fund.
At the end of last year, it constituted 58 percent of developing countries' official reserves
, according to preliminary IMF data.
Asked if the central bank also considered making the Chinese yuan a part of its official reserves
, Central Bank Governor Sultan Nasser al-Suweidi said: "This is a long-term issue.