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Does gold reserves of a country determine the money printing capacity of a nation?
Wiki User
∙ 13y ago
Gold reserves are part of the economic strength which gives the cover
for paper money - but not by law - this was cancelled for most countries
Wiki User
∙ 13y ago
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Why do a nation need forex reserves?
Forex reserve or Foreign exchange reserves are only the foreign currency deposits and bonds held by central banks and monetary authorities. A country needs Foreign exchange reserves as it is important indicator of nation's ability to repay foreign debt and also for currency defense. It is also used to determine credit ratings of nations.
Who controls the printing of money?
Central Bank or any Monetary Authority of that country controls the printing of money.
How do central bank control the quantity of money in circulation?
Central banks control the quantity of money in circulation by printing more bills when the central storage is low and refraining from printing when the country is suffering from inflation.
How did French mercantilism system work?
System based on the fact that a country benefits by accumulating monetary reserves through a positive balance of trade.
What is the factors of a countries exportation?
Factors of a country's exportation are the things that determine a given country to export certain goods.
What country has reduced their oil reserves?
the country is Iran
What country have the largest supply of oil reserves in north africa?
Libya has the largest supply of oil reserves in North Africa.
Which country has more thorium reserves?
Australia is the country with the largest uranium reserves.
What country has the largest coal reserves in the world?
Russia has the largest coal reserves in the world. It has 1 third of the worlds coal reserves.
This African country has considerable petroleum reserves?
Nigeria has the most significant petroleum reserves in Africa.
What east Asian country has the greatest reserves of natural resources?
Japan
Which country has the largest water reserves?
Brazil has the largest water reserves in the world, with its numerous rivers, lakes, and groundwater sources making up around 12% of the world's freshwater supply. The Amazon River basin alone accounts for a significant portion of these reserves.
Which latin American country has the largest oil reserves?
Venezuela has the largest oil reserves in Latin America. Its oil reserves are estimated to be the largest in the world.
Why do a nation need forex reserves?
Forex reserve or Foreign exchange reserves are only the foreign currency deposits and bonds held by central banks and monetary authorities. A country needs Foreign exchange reserves as it is important indicator of nation's ability to repay foreign debt and also for currency defense. It is also used to determine credit ratings of nations.
This country has crude oil reserves?
Nigeria has significant crude oil reserves, being one of the top oil-producing countries in Africa.
Which country has got most of the uranium reserves?
rusia
What country has the smallest gold reserves?
I think it is palau
