Posts Tagged ‘forex reserves’

Argentina: Fernández And The Reserves

Tue Mar 2, 2010 16:28 GMT  | Leave a Comment

In the latest twist to the heavily publicised reserve kerfuffle, President Cristina Fernández has this week replaced her contested decree to tap the country’s foreign exchange buffer with a slightly tweaked order to the same end. According to local media, the central bank, now governed by one of Fernández’s close allies, has already started transferring… [Read more]

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Posted in: Latin America Leave a Comment

Don’t Be Fooled By The Reserves That I Got

Thu Oct 23, 2008 14:51 GMT  | 1 Comment

One frequently repeated mantra by optimists in the current global financial turmoil is that ‘such-and-such-country has massive foreign currency reserves’ with which to protect itself from a bigger crisis. Among emerging markets, China, Russia, India, Taiwan, South Korea and Brazil are often cited as examples. However, this ignores a crucial point, namely that these reserves… [Read more]

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Posted in: Asia, China, Currencies, Equities, Financials, General, Inflation/Deflation 1 Comment

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