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The euro was devised not only to lower transaction costs and reap the benefits of a major reserve currency.
The renminbi, once liberalized, is likely to become one of the major reserve currencies in the region, he added.
The oil sands also are the only major reserve of crude in the world that is completely landlocked.
In a forest block with a major reserve simulations indicated that the population would decline to around 50% of the original population and thereafter remain fairly stable.
Cytosolic glutathione transferases (GSTs) are a major reserve of high-capacity ligand binding proteins which recognise a large variety of hydrophobic compounds.
If this happens and the euro becomes a major reserve asset the global economy may end up in a more severe recession than it is already in.
Similar(31)
Kerala lacks major reserves of fossil fuels.
In March, deep-sea drilling off the coast of Aichi Prefecture confirmed major reserves of shale gas.
There are also major reserves of magnetite and manganese and lesser amounts of lead, zinc, gold, silver, and tungsten.
Surveys show petroleum resources in the Fergana Valley (including major reserves in the Namangan area), in the vicinity of Bukhara, and in Qoraqalpoghiston.
True, there are major reserves in the Caspian Basin, in the Niger Delta of Africa and off the coast of the Canadian maritime provinces.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com