with excel
The official reserve account, a subdivision of the capital account, is the foreign currency and securities held by the government, usually by its central bank, and is used to balance the payments from year to year.
Reserve requirement is a central bank rule that sets the minimum reserves each bank must hold to customer deposits. It would normally be in the form of fiat currency stored in a bank vault or with a central bank.
ad code means authorised dealer code for foreign exchange issued by reserve bank of india
Due to the fiat currency of the federal reserve bank,not much buying power.Since the u.s. dollar inception,it has lost about 95% of it's purchasing power.
Yes...revaluation reserve is a part of capital reserve.
Foreign Currency Translation reserve arise at the time of consolidating the foreign entities with Holding company Ans: While preparing the financial statemetns the parent company has to consolidate all the results,together with assets and liabilties of its subsidiaries, Associates and Joint ventures( for associate &J.V only to the extent of % of share holding) . However if the subsidiaries, associates,or joint ventures are located in other than domestic country then while consolidation there are tend to be" Currency differences" due to difference in the rates applied The resulatnt exchange gains or loss from translating from foreign currency to domestic country is a unrealised loss, so we have shown under separate head called" Foregin currency translation reserve". The same is also taken while computing comprehensive income Please let me know if any updates in this regard Regards, Ram
Yes, an inland letter of credit can be opened in foreign currency. The Foreign Exchange Management Act (FEMA) in India allows for such provisions to honor the payment in foreign currency, provided there is compliance with the regulations and guidelines outlined by the Reserve Bank of India (RBI) in this regard.
The US dollar
A currency future, which is also narrated as FX future or foreign exchange future, is a future contract. This is the currency that is used in international market to exchange currency. All country use this main currency as their reserve and deal with other countries in this FX currency.
The official reserve account, a subdivision of the capital account, is the foreign currency and securities held by the government, usually by its central bank, and is used to balance the payments from year to year.
When a country/Reserve bank changes the value of a currency. The currency is usually devalued to make exports more competitive. Usually associated to countries with high inflation and political unrest.
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.
Countries buy Foreign Exchange for the following reasons:As a means of investment to earn revenue in anticipation that the purchased currency will appreciate.For payment of import duties and goods.For hedge funds.To boost their foreign reserve
1. Currency issue 2. Banker's Bank 3. Government Bank 4. Credit Control 5. Foreign Exchange Reserve
1. Currency issue 2. Banker's Bank 3. Government Bank 4. Credit Control 5. Foreign Exchange Reserve
1. Currency issue 2. Banker's Bank 3. Government Bank 4. Credit Control 5. Foreign Exchange Reserve
China would have the largest foreign reserves with US$2.1316 Trillion as at Jun09. As of end Mar09 they had US$1.95 Trillion.