Stats: 3,191,500 members, 7,944,445 topics. Date: Monday, 09 September 2024 at 04:37 PM |
Nairaland Forum / Nairaland / General / Business / List Of Countries By Foreign-exchange Reserves (193 Views)
Leaked CBN Circular Bans Naira Overdrafts Secured By Foreign Currency Deposits / Here Is The List Of Countries Using Opay / Governor Emefiele And His Parallel Foreign Exchange Universe (2) (3) (4)
(1) (Reply)
List Of Countries By Foreign-exchange Reserves by Elliotwaveforec: 8:21pm On Nov 02, 2023 |
As at October 2023. Foreign Exchange Reserves also called Forex reserves, are, in a strict sense, only foreign-currency deposits held by nationals and monetary authorities. However, in popular usage and in the list below, it also includes gold reserves, special drawing rights (SDRs) and IMF reserve position because this total figure, which is usually more accurately termed as official reserves or international reserves or official international reserves, is more readily available and also arguably more meaningful.[citation needed] These foreign-currency deposits are the financial assets of the central banks and monetary authorities that are held in different reserve currencies (e.g. the U.S. Dollar, the Euro, the Japanese Yen, the Pound Sterling, and the Chinese Yuan) and which are used to back its liabilities (e.g. the local currency issued and the various bank reserves deposited with the Central bank by the government or financial institutions). Before the end of the gold standard, gold was the preferred reserve currency. Some nations are converting foreign-exchange reserves into sovereign wealth funds, which can rival foreign-exchange reserves in size.[citation needed] The list below is mostly based on the latest available IMF data, and while most nations report in U.S. dollars, a few nations in Eastern Europe report solely in Euros and some others report in their respective currencies. And since all the figures below are in U.S dollar equivalents, exchange rate fluctuations can have a significant impact on these figures. https://en.m.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves
|
(1) (Reply)
Is BOLT/UBER Still A Lucrative Business? / Where Can I Get This Comb / How To Create An Effective Imc Strategy
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 11 |