Foreign Exchange Reserves: Definition, Purpose, Guidelines

[ECON] 2022 People's Bank of China Statement

Press Conference with the Governor of the People's Bank of China 任中国人民银行行长 Yi Gang 易纲 on current monetary and regulatory matters in the People's Republic of China for the year 2022
Dear Ladies and Gentlemen
The People's Bank of China (PBOC) is gladdened to announce that the efforts made by the Bank to consolidate financial markets and reign in unproductive credit and the misappropriation in debt lending are seeing bountiful returns. For the 2022 year forecast, we are thus heartened to state that the economy has exponentially preformed to bring growth above 7 percent, beating negative analysis on efforts on the PBOC and government's meaningful reforms to address core structural issues that have threatened the Chinese and global economy.
While we have identified specific measures in relation to consumer demand and business growth, in conjunction with the improving regulatory framework, we foresee promising inflationary movement and are pleased to see an adaptive labour market take hold in overall trends for key benchmarks.
In regards to the current developments in the Banks's stimulus efforts, we shall maintain the current level of market guidance and capital assistance. While we continue this approach, we are constantly assessing the Mainland's capital markets liquidity and should concerns be spotted that identify general overheating, the PBOC is ready to address those concerns and enforce targeted measures.
Now, onto the main elements of the year's statement: the current status on the internationalisation of the Renminbi and policy responses to optimise a favourable environment as well as new guidelines on capital market
The following discussion shall be complimented with the following handout:

The Renminbi - The People's Currency, and Soon the World's?

The Continued Dollar Dominance
Chinese Efforts to Open Up the Renminbi - An Uneven Effort
Making The Cross Across the Riverbed Towards A More Global Renminbi
The PBOC has issued the following in its Guiding Measures to the Chinese Mainland and SAR financial markets:
This new rule will further buoy the offshore Renminbi (“Dim Sum”) bond market and accelerate the pace of Renminbi internationalisation.
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ISLAMABAD: Pakistan on Thursday strongly condemned "mischievous" attempts to edit the Wikipedia page of Foreign Minister Shah Mahmood Qureshi, declaring him "dead" a day after testing positive for ... According available sources on internet, Wikipedia - India ranks 9th with a forex reserve of US $400241. Pakistan ranks 80th with forex reserve US $8043. Investopedia - 10 countries with the largest foreign currency reserve assets as of August 201... Gold Reserves in Pakistan remained unchanged at 64.60 Tonnes in the second quarter of 2020 from 64.60 Tonnes in the first quarter of 2020. Gold Reserves in Pakistan averaged 64.86 Tonnes from 2000 until 2020, reaching an all time high of 65.44 Tonnes in the fourth quarter of 2007 and a record low of 64.38 Tonnes in the first quarter of 2010. Percent Change in Foreign Exchange Reserves. The following table presents the countries with the largest percent change in the forex reserves between 2005 and 2014. Percentage increase (or decrease) of the forex reserves give a better view of the performance of the economy than an absolute value. Foreign Exchange Reserves in Pakistan increased to 19907.50 USD Million in August from 19598.60 USD Million in July of 2020. Foreign Exchange Reserves in Pakistan averaged 16095.12 USD Million from 1998 until 2020, reaching an all time high of 24025.80 USD Million in October of 2016 and a record low of 1973.60 USD Million in December of 1999. Foreign exchange reserves take the form of banknotes, deposits, bonds, treasury bills, and other government securities. Foreign exchange reserves are a nation’s backup funds in case of an emergency, such as a rapid devaluation of its currency. Most reserves are held in U.S. dollars, the global currency. Pakistan’s forex reserves are now below than Cambodia whose economy is one tenth of the country. Pakistan has 304 billion$ economy with exports reaching 21-22 billion$ having pressures on current account and balance of payments. PTI govt has to face drastic and challenging ramifications to handle fragile economic situations because economy may all of a sudden enter into stages of decline ...

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India Forex Reserve On Historic All Time High Pakistani ...

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