Reserves
in sentence
1741 examples of Reserves in a sentence
And if China chooses to use its surplus financial
reserves
to create infrastructure that helps poor countries and enhances international trade, it will be providing what can be seen as a global public good.
In an effort to save the financial system from collapse – and, later, in pursuit of economic recovery – the Fed has engaged in very active policies: near-zero interest rates, massive asset-purchase programs, remuneration of banks’ reserves, and so forth.
Moreover, Russia’s foreign-exchange
reserves
stand at a healthy $500 billion.
Backed by $3.8 trillion in currency reserves, China has provided infrastructure investment in exchange for commodities, thereby becoming the world’s largest provider of financing for developing countries, with the China Development Bank already offering more loans than the World Bank.
Egypt’s budget deficit reached 10% of GDP, while its foreign-exchange
reserves
have fallen to $15 billion – barely enough to cover the country’s import bill for the next three months.
To be sure, this risk was more acute when a larger number of emerging-economy currencies were pegged to the US dollar, which meant that a significant shift in the dollar’s value would weaken other countries’ balance-of-payments position and erode their international reserves, thereby undermining their creditworthiness.
Meanwhile, the share of the dollar in global foreign-exchange
reserves
remains more than 60%, while 85% of global foreign-exchange transactions involve dollars.
The five participants agreed to earmark $100 billion of their foreign-exchange
reserves
for swap lines on which all members are entitled to draw.
As it stands, the SDR’s role remains largely limited to IMF operations; its share in global financial markets and central banks’ international
reserves
is negligible.
Although emerging economies have since accumulated larger foreign-exchange
reserves
and strengthened financial supervision and regulation, they remain vulnerable to external shocks, especially from the US, the eurozone, and Japan.
Per Zhou’s proposal, China has championed a transition to a multi-currency reserve system, in which the SDR and an internationalized renminbi would be used more widely, including in countries’ currency
reserves.
Moreover, it is increasingly preferred in currency-market transactions and official foreign-exchange
reserves.
In return, the Saudis use their massive oil
reserves
and spare capacity to ensure world oil supplies and stable prices.
Still, Iraq has vast oil and natural-gas reserves, to which all of the major oil companies wanted access.
These statements of faith are both historic and timely, as the world’s countries seek to implement global agreements in areas ranging from climate change to the Sustainable Development Goals and the establishment of marine
reserves
on the high seas.
Some emerging economies did not let their currencies float but, instead, continued to peg them at undervalued exchange rates in order to promote their exports and build up
reserves
as a form of insurance in case of crisis.
For surplus countries that want to accumulate reserves, it would reduce exchange-rate risk.
In this sense, Qatar’s tack has produced a rare schism within the Gulf Cooperation Council, whose members collectively possess nearly half of the world’s oil
reserves.
The origins of this role go back a long way, but at the Bretton Woods conference in 1944 it was an important tenet of US policy that countries should be encouraged to hold part of their
reserves
in dollars.
Central banks looking for a safe place to keep their
reserves
increasingly came to believe that a larger stockpile of US dollars (or dollar-denominated claims on the US government, in the form of some kind of Treasury debt) was the best solution.
Today, the volume of dollars held voluntarily as
reserves
is far greater than it was in 1971.
As
reserves
build up, balancing the external account is no issue.
And today's huge
reserves
can disappear if bad news begins to mount, pushing up interest rates.
And, thanks to the discovery of vast offshore oil reserves, Brazil not only has become energy-sufficient, but is poised to become a major oil exporter.
Moreover, China sits on roughly $3.3 trillion in foreign-exchange
reserves
– much of it in dollars, but also in other major currencies – owing to its large trade surplus in recent decades.
The combined land area of the Senkaku and Spratly Islands amounts to barely 11 square kilometers; but the islands are surrounded by rich hydrocarbon
reserves.
Household debt and unemployment have fallen; corporate profits and cash
reserves
are large; the stock market is valuing the future generously; banks are ready to lend; and fiscal consolidation is no longer hampering demand.
Malaysia and Singapore, having built up a substantial stock of foreign-exchange reserves, should also now be more concerned about currency manipulation by their trading partners.
But it could also exceed its export quota if its government paid the partner government a fine equal to the value of the excess exports, either collecting the necessary sum from its export producers or using its currency
reserves.
The China Investment ChallengeNEW YORK – China now sits atop $2.4 trillion in foreign-exchange reserves, the largest stockpile of any country in the world (Japan stands in second place with $1 trillion).
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