India is sitting on Half Trillion $$ in Foreign exchange Reserves Tonight

[Protest_again]

I don't know what world u are living in because China don't even declare our official gold reserves annually. Its called Forex reserve for a reason right... Lol


Apparently you do not know what is Bretton Woods? After 1971 nobody need to have gold reserves to trade genius.

Bretton Woods require gold as reserve genius, after 1971, nobody uses gold to trade hence only forex reserve丶

Dude, I have given you the definition of what constitute forex reserves. You keep going back to bretton woods like an idiot. Gold is tradable and is part of forex reserves. What changed since then was bunch of currencies were added as tradable entities along with Gold. CCP is not idiotic to buy so much gold if it is not tradable with other countries. Lol.

Money will make u a military machine but still u cant win war with it. I guess Afghanistan with broke taliban and most rich military in world US and NATO are good examples to learn from.

Seriously you think Taliban in any sense of the word defeated US? Lol. I see why Pakistan is where it is today.

 

[Han Patriot]

Dude, I have given you the definition of what constitute forex reserves. You keep going back to bretton woods like an idiot. Gold is tradable and is part of forex reserves. What changed since then was bunch of currencies were added as tradable entities along with Gold. CCP is not idiotic to buy so much gold if it is not tradable with other countries. Lol.


Seriously you think Taliban in any sense of the word defeated US? Lol. I see why Pakistan is where it is today.

Gold is tradeable no doubt but nobody uses gold to import goods right genius, hence after 1971, people use DOLLARS. Does India import petrol with gold? Lolol

Go to imf, it's always reserves excluding gold, foreign reserves is the forex part of a reserve, meaning foreign currency part.

 

[Protest_again]

Gold is tradeable no doubt but nobody uses gold to import goods right genius, hence after 1971, people use DOLLARS. Does India import petrol with gold? Lolol

Go to imf, its always reserved excluding gold, foreign reserves is the forex part of a reserve, meaning foreign currency part.

Please I cannot spoon feed you. I know my economics and please don't quote me again. And of course gold can be used to import you dumbo. But you won't do it because you have dollars as well in your reserves.

 

[Han Patriot]

Please I cannot spoon feed you. I know my economics and please don't quote me again. And of course gold can be used to import you dumbo.

Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets. Reserves are held in one or more reserve currencies, nowadays mostly the United States dollar and to a lesser extent the euro.[1]



The debate here is whether Chinese forex reserve has gold not whether reserves can include gold. Reserves used to include gold because you needed it to trade. Nowadays its excluding gold because its not used for trading nor settlement of trade.

 

[Protest_again]

Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets. Reserves are held in one or more reserve currencies, nowadays mostly the United States dollar and to a lesser extent the euro.[1]



The debate here is whether Chinese forex reserve has gold not whether reserves can include gold. Reserves used to include gold because you needed it to trade. Nowadays its excluding gold because its not used for trading nor settlement of trade.

"Chinese foreign exchange reserves rose to USD 3.091 trillion in April of 2020 from USD 3.06 trillion in March, beating market forecasts of USD 3.05 trillion as the government started to eased coronavirus lockdown restrictions. Chinese reserves had plunged in March to the lowest since October of 2018 amid a weakening yuan and concerns about the rapid spread of Covid-19 and its impact on the country's economy. The value of gold reserves went up to USD 106.67 billion at the end of April from USD 100.79 billion in March."

They are part of your forex, okay. Thank you.

 

[Han Patriot]

"Chinese foreign exchange reserves rose to USD 3.091 trillion in April of 2020 from USD 3.06 trillion in March, beating market forecasts of USD 3.05 trillion as the government started to eased coronavirus lockdown restrictions. Chinese reserves had plunged in March to the lowest since October of 2018 amid a weakening yuan and concerns about the rapid spread of Covid-19 and its impact on the country's economy. The value of gold reserves went up to USD 106.67 billion at the end of April from USD 100.79 billion in March."

They are part of your forex, okay. Thank you.

See 3.1 trillion excluded gold. If you include gold its 3.2 trillion. And gold reserves are not updated annually, its actually a state secret. Read the statement you sent, the value of Forex reserves is 3.1 trillion while the value of GOLD RESERVES is differentiated.

 

[The Maverick]

Guys the figures.are derived using the same format for every country.

The thread was started to educate all forum members of the rapid rise of India last decade or two.

India achieved one trillion gdp in 2007 13 years later it's at 3 trillion ..and yes pretty much guaranteed it will surpass Germany then Japan in 2025 and 2030 respectively
Why because India is a developing country and has averaged gdp.growth of 6% or above last 3 decades.
The Germans and Japanese are mature aging economies either stable or declining.
India was always going to.become the 3rd largest GDP it was just when .

The size of their forex surprised me

 

[Protest_again]

See 3.1 trillion excluded gold. If you include gold its 3.2 trillion. And gold reserves are not updated annually, its actually a state secret.

They are part of your forex. Please I know for a fact. But I'll leave it to you to decide. I have no problem.

 

[Han Patriot]

They are part of your forex. Please I know for a fact. But I'll leave it to you to decide. I have no problem.

The value of forex reserve is 3.1 trillion while the value of GOLD RESERVES is 100 billion. Total reserves is 3.2 trillion, what part of forex reserve do you not understand? 2 diff things.

http://m.safe.gov.cn/safe/2020/0207/15340.html

Chinese foreign exchange reserves rose to USD 3.091 trillion in April of 2020 from USD 3.06 trillion in March, beating market forecasts of USD 3.05 trillion as the government started to eased coronavirus lockdown restrictions. Chinese reserves had plunged in March to the lowest since October of 2018 amid a weakening yuan and concerns about the rapid spread of Covid-19 and its impact on the country's economy. The value of gold reserves went up to USD 106.67 billion at the end of April from USD 100.79 billion in March."

 

[Protest_again]

The value of forex reserve is 3.1 trillion while the value of GOLD RESERVES is 100 billion. Total reserves is 3.2 trillion, what part of forex reserve do you not understand? 2 diff things.

Okay. Please leave me alone.

 

[Han Patriot]

Okay. Please leave me alone.

I need to educate you on foreign exchange reserve.

 

[Protest_again]

The value of forex reserve is 3.1 trillion while the value of GOLD RESERVES is 100 billion. Total reserves is 3.2 trillion, what part of forex reserve do you not understand? 2 diff things.

http://m.safe.gov.cn/safe/2020/0207/15340.html

Chinese foreign exchange reserves rose to USD 3.091 trillion in April of 2020 from USD 3.06 trillion in March, beating market forecasts of USD 3.05 trillion as the government started to eased coronavirus lockdown restrictions. Chinese reserves had plunged in March to the lowest since October of 2018 amid a weakening yuan and concerns about the rapid spread of Covid-19 and its impact on the country's economy. The value of gold reserves went up to USD 106.67 billion at the end of April from USD 100.79 billion in March."

This is India's. So you can see what constitute a forex. It's the same for every country.

 

[ohmrlobalobayeh]

Please I cannot spoon feed you. I know my economics and please don't quote me again. And of course gold can be used to import you dumbo. But you won't do it because you have dollars as well in your reserves.

I read both his n your rhetoric.

You r getting screwed big time n now resorting to red herring attacks to get yourself off the stage

Just admit you got it wrong n leave the stage gracefully pls

 

[Han Patriot]

This is India's. So you can see what constitute a forex. It's the same for every country.

View attachment 638361

The debate is not whether Indian reserves include gold because it can. The debate is whether the 3.1 trillion Chinese forex reserves include gold, because it does not. If you include gold total RESERVES of both forex and gold is 3.2 trillion.

 

[Han Patriot]

Lol. Boring. I was avoiding that idiot that's all.I was not getting screwed big time. You cannot teach an ignoramus, it seems I should include you in it.


Please back up that claim with a source that gives exact composition. You cannot have different standards for calculating forex. Forex by definition includes gold reserves. Now I am done with you.

I just sent you the official website for Safe, inside it included the composition of our reserves, and imf always quote forex reserves excluding gold because gold is not used for trading anymore.