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Foreign-exchange reserves dwindled to just three weeks' worth of imports.
Its foreign-exchange reserves are down to a month's worth of imports.
Americans bought $31.7 billion worth of imported consumer goods, led by pharmaceuticals, furniture and televisions.
One common rule of thumb is that reserves that can cover three months' worth of imports are adequate.
The couple, who are motorcycle enthusiasts, bought about $500 worth of imported Harley-Davidson brand items for their dog.
At that time, the rupee was tumbling and Pakistan's foreign-exchange reserves barely covered three weeks' worth of imports.
Foreign-exchange reserves, down to $3.9 billion in May 1999, now stand at over $10 billion—about a year's worth of imports.
Most of that is in gold or other non-liquid assets; liquid reserves amount to only a couple of months' worth of imports.
While the central bank has not released current figures for reserves, Fitch estimates that they have fallen to less than two months' worth of imports.
If current trends continue Russia may soon have enough for just three months' worth of imports: below that level, financiers start to panic.
This has since sunk by almost 60% at one moment this week and foreign reserves have fallen below $1.3 billion, some three months' worth of imports.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com