Posts tagged as:

foreign exchange reserves

China Pushes More Diversification In Foreign Exchange Reserves As Part of “Going Out” Strategy

July 29, 2009 · 8 comments

in China, US debt, US dollar, currencies, forex, international economy, world reserve currency

China’s massive foreign exchange reserves are the largest in the world, comprising a total of $2,132 billion or $2.1 trillion dollars’ worth.  Of this amount, $1.5 trillion are held in US Dollar-denominated assets such as cash, bonds and treasuries.  When you do the math, about 71% of China’s total foreign reserves are in US Dollars.  [...]

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What Is the World Reserve Currency?

July 14, 2009 · 9 comments

in US dollar, currencies, foreign investment, forex, international economy, world reserve currency

Also known simply as a reserve currency, or less frequently, an “anchor currency,” the world reserve currency is more like a vehicle or container – like a 401(k) or RRSP – which can hold a certain currency inside.  In other words, there is no essential or necessary world reserve currency.  It could be any currency [...]

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