World Forex Reserves (Latest)

[BL33D]

Foreign exchange reserves[edit]
Rank Country or region Foreign exchange
reserves
(millions of US$) Figures as of

 

[Skull and Bones]

What is the purpose of this?

 

[BL33D]

What is the purpose of this?

Keeping a track of forex reserves. Its important for any country's economy.

 

[Yaseen1]

Keeping a track of forex reserves. Its important for any country's economy. Also that even Afghanistan has more $$ than Pak .

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

 

[BL33D]

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

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

Aap Bachpun se itne Ch**t*ya ha ya jawani mein aker speed pekri?

Chose your favourite option.

 

[Death Professor]

@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....

 

[BL33D]

@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....

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 ?

 

[Nilgiri]

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....

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

Should I open a separate thread on how India has 5 times the more population under multi-dimensional poverty now?

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).

 

[BL33D]

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).

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.

 

[Death Professor]

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

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

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).

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....

 

[Pakhtoon yum]

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


Chose your favourite option.

Not as much as the amount of obsession Indians pour into Pakistan

 

[BL33D]

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....

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.

 

[Yaseen1]

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....

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

 

[zectech]

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.

 

[BL33D]

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.

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.

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

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