Currency Reserves

Some articles on currency reserves, reserves, currency, reserve:

Deutsche Bundesbank - The Bundesbank Today - The Bundesbank As The Keeper of The Currency Reserves
... Currency reserves are all assets of the Bundesbank that are not specified in EUR, including gold reserves, securities in foreign currency, credit with foreign banks, foreign exchange, etc ... Currency reserves can be invested for profit and also provide a possibility of intervening in the market if the exchange rate fluctuates strongly ... The gold reserves of the Bundesbank are the second largest in the world (after the U.S Federal Reserve) ...
Bretton Woods System - Late Application - U.S. Balance of Payments Crisis
... held $26 billion in gold reserves, of an estimated total of $40 billion (approx 60%) ... Woods System was that nations could only enforce gold convertibility on the anchor currency—the United States’ dollar ... would erode confidence in the dollar as the reserve currency created instability ...

Famous quotes containing the words reserves and/or currency:

    While you are nurturing your newborn, you need someone to nurture you, whether it is with healthful drinks while you’re nursing, or with words of recognition and encouragement as you talk about your feelings. In this state of continual giving to your infant—whether it is nourishment or care or love—you are easily drained, and you need to be replenished from sources outside yourself so that you will have reserves to draw from.
    Sally Placksin (20th century)

    Money is the worst currency that ever grew among mankind. This sacks cities, this drives men from their homes, this teaches and corrupts the worthiest minds to turn base deeds.
    Sophocles (497–406/5 B.C.)