Tag Archives : monetary authorities

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…

Each private central bank has got the monopoly control over the supply and production of the country’s own currency, in most of the cases. There are exchange rates in order to facilitate trade between these currency zones, which are those prices at which the currencies (and the goods and services of individual currency zones) can be exchanged against each other. On the basis of their exchange rate regime currencies can be…