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And the value of those dollar reserves will eventually fall".
Their reserve bank carries gigantic amounts of dollar reserves, and so they could do something.
Dollar reserves at the central bank total more than $35 billion.
The flow has helped the country amass significant dollar reserves.
Its central bank still holds the largest stash of dollar reserves.
But countries' huge accumulation of dollar reserves does little to help either aspiration.
China also bears a significant financial cost in accumulating huge dollar reserves.
Their governments have balanced their budgets and built up trade surpluses along with dollar reserves.
Appreciation would mean that these countries accumulated new dollar reserves at a slower pace.
And there should not be a sudden sale of the oil exporters' dollar reserves.
It is building enormous financial imbalances by adding to China's huge pile of dollar reserves.
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