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mateo
Apprentice
Joined: 29 Jun 2006
Posts: 4
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 Posted: 05/03/08 - 09:02 Post subject: |
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| I have recently heard that foreign exchange reserves are very important for government. I have recently been looking to find out as much as I can about Forex reserves, but I am still not sure if there are any guidelines for foreign exchange reserve management. If anyone could help me with some information, that would be great. Thanks in advance. |
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filmer
Apprentice
Joined: 19 Feb 2006
Posts: 4
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| Posted: 06/02/08 - 03:28 Post subject: |
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The answer to your question will be relatively obvious when you understand what actually something like that means. Foreign exchange reserves actually represent a total amount of money a central bank of a country owns. Now, it is held in different currencies, and it is crucial for balance in domestic economy. Management guidelines are crucial just as management of reserves is important for the sheer significance of the reserves. You can find the guidelines consisting of scope and objectives, strategies and much more regarding handling the reserves. For more info, go to http://www.imf.org/external/np/mae/ferm/eng/
index.htm#III. Best of luck. |
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