-
The world’s most powerful reserve currencies
Reserve currencies are large amounts of foreign currency that countries’ central banks hold on deposit. Why would countries hold large amounts of another country’s money? And which other countries’ money is most often used as reserve currencies? Central banks hold reserve currencies for lots of different reasons: • to have options on hand in case of a political, economic or military crisis • to inspire confidence in international investors • to prepare for investments and transactions, and to pay international debts • to minimize exchange rate risk by reducing the need to buy that currency on the market ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Dec 25, 2019 9:18am Dec 25, 2019 9:18am
- SalmanM
- | Additional Username | Joined Dec 2019 | 13 Comments
- Comment #2
- Quote
- Dec 26, 2019 12:31am Dec 26, 2019 12:31am
- Manudatinh
- | Joined Nov 2008 | Status: Member | 401 Comments
- Comment #3
- Quote
- Dec 30, 2019 10:23pm Dec 30, 2019 10:23pm
- SalmanM
- | Additional Username | Joined Dec 2019 | 13 Comments
- Comment #4
- Quote
- Dec 30, 2019 10:24pm Dec 30, 2019 10:24pm
- SalmanM
- | Additional Username | Joined Dec 2019 | 13 Comments