Mista
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why would small countries park useless money in foreign reserves
qatar and norway have world largets investment fund at 1 trillion dollars
foreign reserves are simply needed for 3-4 months to cover any fluctuation /imports that it
Because Qatar and Norway don't have a strong financial sector like Switzerland, HK and Singapore. The latter economies handle a large amount of money inflow/outflow everyday and therefore the central bank has to hold a large amount of foreign reserves for buffer.