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China already had, by far, the world's largest currency reserve holdings.
The national monetary system is managed by the Central Bank, which issues currency (the Dominican peso), maintains a gold and foreign currency reserve, and administers exchange rates.
Investors are turning to the metal (again) as a safer alternative to other assets amid low interest rates and worries about the dollar's status as a currency reserve.
We smoked cigarettes outside Glasslands on Saturday and talked guerrilla warfare, Indian politics, and the future of the US dollar as the world's currency reserve.
The Soviets' lack of a hard currency reserve led to dependence on Western lending and limited the Kremlin's options when nationalist movements broke out.
The Soviets' lack of a hard currency reserve, and thus dependence on Western lending, limited the Kremlin's options when nationalist movements broke out.
Similar(39)
Hard currency reserves are dwindling.
The depletion of currency reserves?
Foreign currency reserves have also plunged.
Officials said it was needed to protect foreign currency reserves.
With large foreign currency reserves, they were lenders, not borrowers.
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