Bar tendered the weather, as a subject neatly aloof from official reserve
, for the Foreman's consideration.
5 billion in November 2017 by floating dollar-denominated sovereign bonds in the international market in a bid to shore up official reserves
Reflecting the favourable developments in the external sector, the BOP recorded a surplus of $2,068 million in 2017, while gross official reserves
of the country stood at $8 billion as at end 2017.
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.
5 billion by floating dollar-denominated sovereign bonds in the international market in a bid to shore up official reserves
The currency adjustment is supposed to lower foreign currency holdings from commercial banks back to official reserves
and help divert remittances to official channels.
Government authorities are off the view that currency adjustment would help shift foreign currency holdings being held in commercial banks over $6 billion back to official reserves
The authorities believed the currency adjustment would help shift foreign currency holdings from commercial banks currently standing at a higher level of around USD 6 billion back to official reserves
, said the Dawn.
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.
Reuters said that the apex bank could start purchasing gold for its official reserves
Moody's external vulnerability indicator (EVI), the sum of external debt payments due and short term foreign currency deposits divided by official reserves
, is meant to capture potential external liquidity constraints.
We expect 30% of the financing requirement in 2016 to be met by external borrowing in order to alleviate tight liquidity at home," it said, adding domestic borrowing is expected to be 40%; leaving about 30%, still to be financed from official reserves