Reserves
in sentence
1741 examples of Reserves in a sentence
Other parts of the world (including those without enormous
reserves
of oil and gas) have emerged from colonialism in much better shape.
The Bank of Thailand’s published balance sheet wildly exaggerated its available foreign-exchange
reserves
– hardly a shining example of financial transparency.
Running surpluses has helped them accumulate foreign-exchange reserves, which serve as a form of insurance.
The policy also helped to expand China’s foreign trade and boost its external financial strength (with a robust balance-of-payments position, large international reserves, and a stable currency), thereby creating space for Li to carry out his ambitious reform agenda.
The National People’s Congress has discussed using a portion of China’s foreign-exchange
reserves
to finance infrastructure projects in developing countries.
The World’s Duty to VenezuelaPARIS – Venezuela, which sits atop the world’s largest proven oil reserves, was once one of Latin America’s most prosperous countries.
The capital account is less open, foreign-currency
reserves
of $2.5 trillion mean that the exchange rate is controllable, and, with savings exceeding investment (the current-account surplus is declining but still positive), China is not dependent on foreign capital.
Moreover, the pattern of accumulating
reserves
via current-account surpluses, net private capital inflows, or both – a legacy of the 1997-1998 Asian financial crisis – will continue and perhaps become even more pronounced.
And while he boasted that Russia has $364 billion in foreign-currency reserves, he declined to note the country’s crippling 12.3% annual inflation rate or that much of those
reserves
have already been pledged.
The Bowland Shale, which lies beneath Lancashire and Yorkshire, contains 50% more gas than the combined
reserves
of two of the largest fields in the United States, the Barnett Shale and the Marcellus Shale.
If, by 2020, the UK could exploit its
reserves
there at just one-third the intensity of the exploitation of the Barnett and Marcellus Shales today, the outcome would be phenomenal.
And yet the UK could improve its energy security dramatically, because it has enough gas
reserves
to cover roughly the entirety of its gas consumption for a half-century or more.
Because accurate statistics about
reserves
in countries like Saudi Arabia are not available, it is impossible to settle the dispute definitively.
Over a trillion barrels of
reserves
have been proven, and more are likely to be found.
In any case, arguments about the size of world oil
reserves
and when global production will peak misses the key security issue.
Two-thirds of proven
reserves
are in the Persian Gulf, one of the world’s most volatile regions.
The SDR was introduced 40 years ago to supplement what was then seen as an inadequate level of global reserves, and was subsequently enshrined in the IMF’s amended Articles of Agreement as the future principal reserve asset.
So, instead of becoming the principal reserve asset of the global system, the proportion of SDRs in global
reserves
shrank to a tiny fraction, rendering the SDR the monetary equivalent of Esperanto.
Although the euro, created in 1999, turned out to be a more serious competitor to the dollar, its share in total international
reserves
has probably remained below 30%, compared to 65% for the dollar (these shares are in part estimates, as China, the world’s largest holder of reserves, does not report the currency composition of its holdings).
While the G-20 leaders have decided to support an SDR allocation of $250 billion, this will increase the share of SDRs in total international
reserves
to no more than 4%.
Even if an SDR Substitution Account is established, it is unlikely that the dollar’s share in international
reserves
would fall to an insignificant level.
But one can envisage a system in which international
reserves
are held each in roughly equal shares of dollars, euros (assuming a further gradual increase in its share), and SDRs.
Commercial banks must deposit with the central bank 21.5% of deposits as
reserves.
China no longer qualifies as a currency manipulator under any of the three internationally accepted criteria: exchange rate, trade balance, or foreign-exchange
reserves.
Reserves
peaked in July of that year, and have been falling ever since.
Far from devaluing the renminbi, the People’s Bank of China has spent $1 trillion of its
reserves
over the last three years trying to support it (by far the largest such intervention in history).
But this danger can be countered by requiring banks to operate as legally incorporated subsidiaries, with locally regulated capital and liquidity reserves, and strong regulatory limits on the maturity of their funding.
Having entered the 2008-2009 crisis with sound initial conditions (including large international reserves, budget and balance-of-payments surpluses, and highly capitalized banks), they are nowhere near exhausting their fiscal and financial flexibility – and hence their capacity to respond to future shocks.
But their governments seem to be taking advantage of the bonanza to pay off pending external debt and increase their foreign
reserves.
A renewed renminbi appreciation would boost China’s outward FDI growth even further by lowering the cost of overseas assets for Chinese firms, which operate in a fairly competitive market and have strong cash
reserves
from both retained earnings and large-scale state credit allocations.
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