Reserves
in sentence
1741 examples of Reserves in a sentence
But the British geologist Euan Mearns of Aberdeen University notes that published data put the most likely size of these
reserves
at only around 350 Gbs.
And the UK government’s former chief scientific adviser, David King, found in a study for Energy Policy that official world oil
reserves
had been overstated by up to one-third – implying that we are on the verge of a major “tipping point” in oil production.
Thus, the real values of their currencies must be kept low relative to the dollar, which means that their
reserves
now invested in the US must continue to grow.
China will gain a measure of risk diversification, reduce the price pressure that has kept earnings on its foreign exchange
reserves
low, and avoid running into political trouble.
Emerging-market companies alone have hundreds of billions coming due in the next twelve months, far more than their governments’
reserves
can cover if credit markets do not normalize.
The IMF can also play a useful role in helping surplus countries manage their foreign exchange reserves, much as the Bank for International Settlements already does.
Russia’s strategic currency
reserves
are being pulled apart by Putin’s friends and may be exhausted by the end of the year.
His casual suggestions that US debt might be renegotiated could trigger dramatic losses in the value of Russia’s foreign-currency reserves, which have been its anchor in the economic storm that has hit the country since 2014.
Thanks to persistent current-account and capital-account surpluses for two decades, China has accumulated $3.2 trillion in foreign-exchange
reserves.
And investors were also reassured by the fact that the world’s second most powerful economy, China, had a vested interest in a relatively strong, stable dollar, owing to the fact that a large portion of its massive stock of foreign-exchange
reserves
was held in dollars.
Accordingly, the People’s Bank of China accumulated enormous dollar
reserves
during this time.
During that time, the Swiss National Bank managed to hold down the Swiss franc’s value while accumulating a huge volume of foreign-exchange
reserves.
And, indeed, China has been spending down its foreign-exchange
reserves
since mid-2014.
Thanks to its massive North Sea oil reserves, the country has achieved a level of wealth unimaginable only a generation ago - and which has allowed it to cold-shoulder the European Union since 1994.
With just 10-15 years of estimated oil
reserves
remaining, the United Arab Emirates last year dropped visa requirements for most Westerners in an effort to accelerate the development of a viable tourist trade.
With the recent discovery of its huge Caspian Sea reserves, Kazakhstan stands at the start of this process.
The commercial exploitation of rich oil and gas
reserves
in the Timor Gap could have facilitated reconstruction and created jobs for the 30% of the labor force that is unemployed.
It possesses a large arsenal of nuclear weapons, a permanent seat on the United Nations Security Council, enormous
reserves
of oil and other minerals, a recent record of robust economic growth, and more territory than any other country despite being only three-fourths the size of the former Soviet Union.
Central banks can intervene in the currency markets and sell reserves, thereby offsetting the withdrawal of financing by foreign lenders.
But intervention requires that the authorities first have both the
reserves
and the will to abandon (at least temporarily) their hands-off commitment to a floating exchange rate.
Such intervention results in the accumulation of foreign-exchange
reserves
– much of which is held in the form of US government debt.
In the latter case, however, they must commit not to run large current-account surpluses and accumulate excess foreign-exchange
reserves.
Moreover, the ability of the financial authorities to stimulate the economy is constrained by the unwillingness of the rest of the world to accumulate additional dollar
reserves.
Even China’s vast
reserves
will not be enough to stave off a painful devaluation.
From 2000 to 2007, the US ran a cumulative current-account deficit of roughly $5.5 trillion, with nearly symmetrical offsetting increases in
reserves
in China and Japan.
Japan is not running out of international
reserves.
I pressed newly appointed Finance Minister Lou Jiwei on this point, suggesting that China deploy some of its excess foreign-exchange
reserves
to fund such an effort – the same tactic used to provide a $200 billion start-up injection for the China Investment Corporation, the sovereign wealth fund that he ran for the previous five and a half years.
As time passes, the central bank receives interest income on its bonds, and, if it does not pay interest on excess reserves, this income increases its net worth.
Since 2010, the fishery
reserves
in the Spratly Islands and the western part of the South China Sea have been reduced by 16%.
But they must use that window to launch the structural reforms needed to achieve sustainable economic growth, macroeconomic stability, and the sound and equitable exploitation of their oil and gas
reserves.
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