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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.
How do foreign exchange reserves build up in a country?
Foreign exchange reserves build up in a country primarily through trade surpluses, where exports exceed imports, leading to an influx of foreign currencies. Additionally, countries may accumulate reserves by attracting foreign direct investment (FDI) and portfolio investments, which bring in foreign capital. Central banks also buy foreign currencies to stabilize or influence their domestic currency's value. Lastly, remittances from citizens working abroad contribute to the reserve accumulation.
What country has reduced their oil reserves?
the country is Iran
What country in Latin America is the leading producer of oil and natural gas?
The leading producer of oil and natural gas in Latin America is Brazil. It has significant reserves and production capacity, particularly in offshore fields such as the pre-salt reserves.
What country has the largest known coal reserves in the world?
The country with the largest known coal reserves in the world is the United States.
Which country has more thorium reserves?
Australia is the country with the largest uranium reserves.
What country have the largest supply of oil reserves in north africa?
Algeria is the North African country with the largest supply of oil 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.
What east Asian country has the greatest reserves of natural resources?
Japan
This African country has considerable petroleum reserves?
Nigeria has the most significant petroleum reserves in Africa.
What country in this region has large oil reserves?
Saudi Arabia has the largest oil reserves in the region.
Which South American country is a major producer of oil?
Venezuela has the largest oil reserves in the Western Hemisphere and was a founding member of OPEC. It has nearly 80 billion barrels of oil reserves and provides 15% of The United States' oil. It is the seventh largest producer of oil in the world.
What country has the smallest gold reserves?
I think it is palau
Which country has the most oil reserves in the Americas?
Venezuela.
