• Sunday, December 15, 2019

World Forex Reserves (Latest)

Discussion in 'World Affairs' started by bl33d, Jul 13, 2019.

  1. bl33d

    bl33d FULL MEMBER

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    Foreign exchange reserves[edit]
    Rank Country or region Foreign exchange
    reserves
    (millions of US$)
    Figures as of
    upload_2019-7-13_4-46-37.png
     
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  2. Skull and Bones

    Skull and Bones BANNED

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    What is the purpose of this?
     
  3. bl33d

    bl33d FULL MEMBER

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    Keeping a track of forex reserves. Its important for any country's economy.
     
    Last edited: Jul 13, 2019
  4. Yaseen1

    Yaseen1 SENIOR MEMBER

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    Afghanistan is running on u.s tax payer money and if u.s not pour dollars in it there will be zero forex reserve in afghanistan
     
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  5. bl33d

    bl33d FULL MEMBER

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    Ya becoz US never poured $$'s in Pakistan.

    Chose your favourite option.
     
  6. Death Professor

    Death Professor FULL MEMBER

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    @The Eagle @waz Are troll threads allowed now? Should I open a separate thread on how India has 5 times the more population under multi-dimensional poverty now? Whats the whole point of the thread? Germany/US are hovering near 37-40 B reserves, Bangladesh is hovering near 30 B reserves, next we will see opinion based around these stats?

    Or may be the OP wants to share how India has 10 times the forex reserves of the current super power. Or may be Bangladesh is the next US because its forex reserves are pretty close to US forex reserves....
     
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  7. bl33d

    bl33d FULL MEMBER

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    Its just a fact for people into economy. Higher forex reserves give your economy stability against global instability. The more the merrier. And why need to raze against this ? Its just a piece of statistics. Come on. Calling it troll thread - seriously ?
     
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  8. Nilgiri

    Nilgiri ELITE MEMBER

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    Why would the US need a massive forex stockpile of its own currency? Do you understand what the reason for forex reserves is?

    https://defence.pk/pdf/threads/2019-global-multidimensional-poverty-index.626945/

    Your % prevalence is 38%, and for India it is 28% (and that's with data 2 years before yours).
     
  9. bl33d

    bl33d FULL MEMBER

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    He doesnt understand what forex reserve is and whats its used for. And India has uplifted nearly 300 million people out of poverty in the least decade. So, we are proud of it.
     
  10. Death Professor

    Death Professor FULL MEMBER

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    Noted, replace US with any other developed country hovering at 40 B reserve range, point is still valid.

    Percentage?? Are we going into this debate? Alright, lets bring in the Extreme poverty stat here too, also bring in the world happiness index too. I mean some people are happy with having less, so ....

    India 373M in multidime poverty in 2017, Latest which I assume is their 2018 figures 369 M. I don't know where you got that 2 years before excuse from? So the figure is almost the 5 times as much Pakistan and yes you are are almost 7 times our population but still. India is supposed to be supa powa no?

    About 40 M under EXTREME poverty in India compared to 2 M in Pakistan

    Now coming back to the happiness of people? whats the point of having wealth if you aint happy, so could you remind me what was india happiness index compared to Pakistan? And do tell me do they take living conditions into account....
     
  11. Pakhtoon yum

    Pakhtoon yum SENIOR MEMBER

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    Not as much as the amount of obsession Indians pour into Pakistan
     
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  12. bl33d

    bl33d FULL MEMBER

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    So how is tha relavent here. If India has more poor people , does having less forex help ? No right. And also forex is important if you have huge amount of imports. I am pretty sure pakistan and India both import bulk of goods. So i dont get your rationale. Done be defensive about this. Also you need more forex as you have huge debts and you are paying interest. So if you default its bad for you. So every country needs that cushion. ECO 101.
     
  13. Yaseen1

    Yaseen1 SENIOR MEMBER

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    If dollar dominance end and is replaced by other currency u.s will be in worst condition as it has no forex reserves
     
  14. zectech

    zectech FULL MEMBER

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    CGTN was saying the price of treasuries was the cause of most of the increase for China.

    If I were China, I would be selling into any rally in treasuries. That is the best way to get cash for the treasuries, if you want to get rid of them. Buy gold instead of buying treasuries. China could set the price of gold for the next decade with the trillions in cash/treasuries they are sitting on.
     
  15. bl33d

    bl33d FULL MEMBER

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    Yea, having gold as forex is the best way. India and China already have the most gold domestically in the world because of huge crave for gold consumption in both countries.

    Thats true, thats why countries are amassing gold again. India and China have most of the worlds gold with civilians.