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Reserves in sentence

1741 examples of Reserves in a sentence

Even as late as 1950 – more than a half-century after the US had replaced Britain as the world’s largest industrial power – 55% of foreign-exchange reserves were held in sterling, and many countries continued to peg their currencies to it.
Given how much of its official reserves China has already spent stimulating the economy and stabilizing the exchange rate, as well as the size of capital outflows – equivalent to three times the current-account surplus last year – tactics like reducing reserve requirements would be key here.
In today’s world, nobody is safe from large and volatile capital flows – not even countries that have built up huge amounts of self-insurance in the form of foreign-exchange reserves.
Moreover, far longer maturities and grace periods, compared to market finance, would ease growing pressure on foreign-exchange reserves.
And foreign-exchange reserves fell to $3.65 trillion in July, from a peak of $3.99 trillion a year earlier.
They know that the alternative is not a return to centralism, but secession by the three Kurdish-majority provinces of Dahuk, Arbil, and As Sulaymaniyah to form an independent Kurdistan, with its own treasury, army (the Pesh Merga), and oil production around Kirkuk – the second-largest reserves in Iraq.
That is what the new constitution would allow, because the Shia-majority provinces in the south – which contain the greater part of Iraq’s oil reserves – could form their own regional government.
Given a slowing global economy, in which emerging markets are probably very grateful for any reserves they retain, this might seem an ill-timed question.
No, I am just proposing that emerging markets shift a significant share of the trillions of dollars in foreign-currency reserves that they now hold (China alone has official reserves of $3.3 trillion) into gold.
Even shifting, say, up to 10% of their reserves into gold would not bring them anywhere near the many rich countries that hold 60-70% of their (admittedly smaller) official reserves in gold.
The 1999 pact has been revisited periodically, though since the most recent edition in 2014, most rich countries have taken a long pause, still leaving them with extremely high gold reserves.
As of March 2016, China held just over 2% of its reserves in gold, and the share for India was 5%.
Russia is really the only major emerging market to increase its gold purchases significantly, in no small part due to Western sanctions, with holdings now amounting to almost 15% of reserves.
Emerging markets hold reserves because they do not have the luxury of being able to inflate their way out of a financial crunch or a government debt crisis.
So they hold reserves of such currencies as a backstop against fiscal and financial catastrophe.
Why would the system work better with a larger share of gold reserves?
Following the Iraqi army’s retreat, the Peshmerga promptly took over the city, giving the Kurdish north ample oil and gas reserves.
But the truth is quite the opposite: in the face of strong downward pressure on the renminbi, China has sought to keep the renminbi-dollar exchange rate relatively stable, – an effort that has contributed to a decline of more than $1 trillion in official foreign-currency reserves.
Considering the cost of recent efforts to maintain some semblance of exchange-rate stability, it seems that not even the equivalent of $3 trillion in foreign-exchange reserves is enough to manage a currency float.
In the current crisis, a substantial fraction of countries outside the G-20 are essentially defenseless: small relatively poor economies, no fiscal capacity for stimulus, and inadequate reserves to offset the capital outflows that occurred to shore up damaged balance sheets in advanced markets.
In reality, China is now hemorrhaging foreign-exchange reserves and desperately trying to prop up the renminbi’s value in the face of capital flight.
Even Saudi Arabia, despite its vast oil and financial reserves, has come under strain, owing to a rapidly rising population and higher military spending associated with conflicts in the Middle East.
Another goal also loomed large: control over 11% (or more) of the world's oil reserves and, in the longer term, control over pipeline routes between the Mediterranean, the Caspian Sea, and the Indian Ocean.
NATO-led regime change in Libya – which holds the world’s largest reserves of the light sweet crude oil that American and European refineries prefer – was not really about ushering in an era of liberal democracy.
The country was running a current-account surplus, but the pound was slipping against the dollar, causing the Bank of England to sell its dollar reserves to defend the fixed exchange rate.
As its reserves drained away, Prime Minister Anthony Eden was forced to appeal for help, first to the US and then to the IMF.
And central banks, when deciding what to hold as reserves, will surely put somewhat fewer of their eggs in the dollar basket.
Back in China, the dollar peg has led to large and growing foreign-exchange reserves, which are fueling domestic inflationary pressures and causing public-sector debt to balloon.
Moreover, South America holds vast hydrocarbon reserves, from Colombia all the way to Argentina, as does East Africa, from Kenya all the way to Mozambique.
Eight years of 7% average annual GDP growth during Putin’s previous presidency (2000-2008) allowed Russia to repay its debts, accumulate almost $600 billion in foreign-currency reserves, and join the leading emerging economies.
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