Posted by R. MAK. on August 7, 2009 ·
Foreign exchange reserves (also referred to as Forex reserves) in a strict sense are only the foreign currency deposits and bonds that are held by central banks and monetary authorities. However, commonly foreign exchange and gold, SDRs and IMF reserve positions are…
Posted by R. MAK. on August 4, 2009 ·
A currency by which floating exchange rate are used as its exchange rate regime are called as Floating currency. A fixed currency is a contrasted with a floating currency.The majority of the world’s currencies in the modern world are floating currencies. There is often a participation of Central banks in the markets making attempts to…
Posted by R. MAK. on August 4, 2009 ·
The way a country manages its currency in respect to foreign currencies and the foreign exchange market is referred to as the exchange rate regime. It has a close relation with monetary policy and the factors on…
