User_gary Posted 18 years ago
Grammar
rising foreign exchange reserves
Besides the FIIs pulling out, there is dollar demand also from the State-owned oil importers. So long as the global financial turmoil persists, the central bank will keep offloading greenbacks.
Its foreign exchange reserves kitty is already slimmer as a result. Whether this gathering trend marks a sudden reversal of the phenomenon of rising foreign exchange reserves bears watching.
But one thing is for sure. There's not much that can prevent weakness in the currency unit in the period ahead.
I'm confused with the word "rising" here. Does this mean the number of foreign exchanges reserves center are increasing in the country?
I know "foreign exchange reserves" is a central bank of a country which stores foreign currency like euro, dollar.
Its foreign exchange reserves kitty is already slimmer as a result. Whether this gathering trend marks a sudden reversal of the phenomenon of rising foreign exchange reserves bears watching.
But one thing is for sure. There's not much that can prevent weakness in the currency unit in the period ahead.
I'm confused with the word "rising" here. Does this mean the number of foreign exchanges reserves center are increasing in the country?
I know "foreign exchange reserves" is a central bank of a country which stores foreign currency like euro, dollar.
Top answer
The "foreign exchange reserves" is not the central bank, but the amount of money in the central bank. When the reserves are rising, it means that the amount of money the central bank holds is increasing.
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The "foreign exchange reserves" is not the central bank, but the amount of money in the central bank.
When the reserves are rising, it means that the amount of money the central bank holds is increasing.
When the reserves are rising, it means that the amount of money the central bank holds is increasing.
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