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Reserve in sentence

857 examples of Reserve in a sentence

The dollar’s status as the dominant international reserve currency amounts to what former French President Valéry Giscard d’Estaing famously described as America’s “exorbitant privilege.”
No other currency can yet challenge the dollar as an investment medium or reserve asset, nor can other countries match America’s extraordinarily efficient financial markets, which provide unparalleled liquidity.
Lame Ducks in LoveFLORENCE – Fears about sovereign debt and doubts about the euro rescue package have pushed the question of international reserve currencies to the fore.
The shares of the major reserve currencies were stable, with the dollar accounting for 62% of foreign-exchange reserves in 2009 and the euro 27%.
In the 1960’s, the British pound was the world’s second reserve currency.
It was an extraordinary demonstration not only of how difficult European leaders found coordinating their response to the crisis to be, but also of the strategic importance of a second reserve currency for the largest reserve currency.
The yen and the Deutschemark emerged as new potential reserve currencies, although the Japanese and German governments and central banks were profoundly worried about this new role for their currencies and the volatility that it might entail.
Even more extraordinarily, when these new currencies emerged as the new claimants to reserve status, they had only recently become convertible for current-account transactions, and capital flows were still restricted.
Of course, developing as a potential reserve currency created a substantial vulnerability.
The lesson of the 1960’s suggests that a fully convertible renminbi could rapidly become a major international reserve currency.
And, as a provider of a reserve currency, China would not need to continue its own quest for reserves, which has been a major contributing factor to global financial instability.
The addition of the renminbi as a possible reserve option would free today’s lame ducks from their forced marriage.
For years, the authorities tended to support the renminbi, as they pursued renminbi internationalization – an effort that culminated in the International Monetary Fund’s recent decision to add the renminbi to the basket of currencies that compose its reserve asset, so-called Special Drawing Rights.
And last year, Colombian President Juan Manuel Santos declared that our research into biodiversity was the reason for quadrupling the size of a marine reserve off his country’s coast.
Dissatisfaction with the dollar’s role as the dominant global reserve currency is not new.
Following the creation of SDRs in 1969, IMF members committed to make them “the principle reserve asset in the international monetary system,” as stated in the Articles of Agreement.
The simplest way to fulfill this vision would be to allocate SDRs as a full reserve asset, which countries could either use or deposit in their IMF accounts.
The private use of SDRs could also be encouraged, though that would likely be met with strong opposition from countries currently issuing international reserve currencies, especially the US.
Unlike the United States, we did not have the benefit of issuing the world’s major reserve currency.
China has expressed concerns, and the head of its central bank has joined the UN Commission in calling for a new global reserve system.
The devaluation advanced China’s strategic goal of turning the renminbi into an international reserve currency – and, in the long term, into a credible global challenger to the US dollar.
To this end, China has been campaigning for years to have the renminbi added to the basket of currencies that determines the value of the Special Drawing Right (SDR), the International Monetary Fund’s synthetic reserve asset.
If the renminbi were added to this group of the world’s leading currencies, it would gain considerable prestige, and central banks would undoubtedly increase their use of the currency as a reserve asset.
The ISI seemed to be keeping its lines of communications open to some Taliban in the hope that they could be used as a reserve force in case of another military confrontation with India or a precipitous American withdrawal from Afghanistan.
Furthermore, China’s fears that hostile naval forces could hold its economy hostage by interdicting its oil imports have prompted it to build a massive oil reserve, and to plan two strategic energy corridors in southern Asia.
According to the “new quota formula,” members that issue international reserve currencies still appear to be those with more “potential need to borrow” from the IMF.
This would make emerging markets and developing country members regard reserve accumulation as expensive and extravagant, thereby helping to liberate those resources to help the world economy overcome today’s crisis.
It implies that the US can kick the can down the road as long as the dollar remains the world’s preeminent reserve currency, and America offers the best safe haven for skittish capital owners.
He can also use the reserve of trust that he established by reaching out to the Brotherhood during Morsi’s presidency.
Today, too, the world should expect the US dollar to remain the key reserve currency, used to invoice and settle international trade, for a long time to come.
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