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countries have gold reserves just in case they run out of glittering gold and if they run out of reserved gold there bugered
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Does gold reserves of a country determine the money printing capacity of a nation?
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
Is there any countries still on the gold standard?
No. Currently may countries have central banks that hold gold. But no countries are using gold as an official means of exchange and no countries are backing their currency with gold.
What is the explanation for the determinants of high-powered money.?
Bank reserves and currency held by the public-is ultimately under the control of government,which have authority to alter the conditions of issue & to change the quantity of outstanding.statutory regulations concerning money therefore play an important role in monetary histories of the most countries and in particular of the united states. For the united states,high-powered money are gold coins or certificates and other money fully backed by gold;paper money or deposits balance not secured by gold reserves.
How many countries use the gold standard?
There are no countries today that are using the gold standard.
Why is it that countries like the USA don't have foreign exchange reserves and what are the guidelines and disclosure norms for managing foreign exchange reserves?
The USA does have foreign exchange reserves. Their latest holding for November 2007 is $45.973 B and is published at http://www.federalreserve.gov/releases/bulletin/1207assets.htm The USA also has Special drawing rights of $9,536 B on the International Monetary Fund (IMF) and determined by the IMF by a weighted average of exchange rates for the currencies of various member countries. There are also holdings of gold and positions in the IMF to give total US reserve assets of $ 71 B.
Does gold reserves of a country determine the money printing capacity of a nation?
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
If Kazakhstan has worlds nhighest gold reserves then why is it not the most developed or country?
Kazakhstan is one of the most developed countries despite having the highest number of gold reserves because of the mismanagement of country's resources.
What is the present Global reserves of Gold?
Present Amount of Global Gold Reserves
What is the most important mineral in Kazakhstan?
Kazakhstan ranks among the world's leading countries in reserves of chromite, lead, zinc, and, uranium, with the significant reserves of bauxite, copper, gold, iron ore, manganese.
Which countries have the largest oil reserves?
There are several countries that have very large oil reserves. They are Venezuela which accounts for 20 percent of global reserves, Saudi Arabia and Iran.
In which part of Europe are the reserves of magnesium located?
The main reserves in Europe are in Slovakia and Austria. Together, the two countries' reserves add up to around 1/50 of the world's reserves. The three countries with the largest reserves are Russia, China and North Korea.
What are Forex Reserves?
Forex reserves are financial assets in diverse foreign currencies, held by central banks and monetary authorities of countries. Most countries maintain their Forex reserves in the major currencies like the dollar, yen, pound, gold, e.t.c. The essence of the reserve is to shield or backup liabilities or form of savings, which generates interest.See: en.wikipedia.org/wiki/Foreign-exchange_reserves
What is the main job in venezeula?
the gold reserves
What are the estimated reserves?
Not sure if this is a math/ statistics question. Reserves are assets you hold, but are not using immediately. There are oil reserves, mineral reserves (like gold reserves) and cash reserves. I think you need to rephrase the question for a proper answer.
What countries have large oil and gas reserves in central Asia?
All countries in Central Asia has large oil and natural gas reserves.
What country has the smallest gold reserves?
I think it is palau
What are the main trends in the international reserves of the world?
Gold.
