Official foreign exchange reserves will soon reach US 2 trillion.

Reserves

(l) Other reserves

(j) Operating reserves

Reserves and fund balances

This augmented access to private capital markets allowed many countries to reduce their indebtedness to official sources (see para. 11 below) and to increase their official reserve positions (see para.

Table 6 Comparison of reserves and staff liabilities

Other reserves comprise the following

(g) Transfers to reserves

China s purchases of American debt effectively transferred the official reserves gained via China s trade surplus back to the US market.

Africa s natural gas reserves amount to about 8 of global reserves.

(i) Operating and other types of reserves are included in the totals for reserves and fund balances shown in the financial statements

Covering this drop in reserves more than half of gas reserves and a fifth of oil reserves have been consumed with imports implies an annual cost of more than 300 billion.

The activities on all reserves are shown as follows

Reserves are unchanged by the loan transactions.

The build up of official reserves in East Asia and other developing countries will provide them with extra means to deal with possible external shocks.

Africa is estimated to hold more than 10 of global oil reserves and one third of reserves of cobalt and base metals.

a Including earmarked reserves, the total reserves are 70 million for 2002, 93 million for 2003 and 68 million for 2004.

Much of China s official foreign reserves have accumulated because the PBC seeks to control the renminbi s exchange rate, keeping its upward movement within a reasonable range and at a measured pace.

Meanwhile, the fraction of international reserves held in euros grew from 18 to 24 , and the dollar s share dropped from 71 to 66 .

These included quantitative comparisons between total reserves over time and qualitative assessments of the sufficiency of the reserves to meet current and projected energy needs.

It has 10 of global oil reserves.

Total reserves of titanium are estimated to exceed 600 million tonnes.

a Including earmarked reserves, the total reserves are 70 million for 2002, 93 million for 2003 and 68 million for 2004.

Reserves and fund balances available for programme activities amounted to 115.0 million (reserves and fund balances for the Working Capital and Guarantee Fund, the Annual Programme and Supplementary Programme Funds).

So, within a few years, many countries concluded that their pegs could work fine if supported by large enough war chests of official reserves.

The idea was to permit countries whose official dollar holdings were larger than they were comfortable with to convert dollars into SDRs.

In 2008, the last year for which figures are available, Japan held 23.4 of the world s reserves and China held 44.8 .

The obvious candidate for this reserve fund was US Treasury bills.

Selling 2 trillion of reserves will take years.

At the time of the announcement, the country had 5.65 billion in cash reserves.

Statement I Statement of income and expenditureexpenditures and changes

First, unlike in some other countries, Chinese commercial banks are paid reasonable interest rates on required reserves, except for the extra reserves that they hold.

Run down the financial reserves and wealth that were accumulated when the economy was doing better.

Today, currencies other than the dollar account for 40 of identified international reserves.

The problem is not a lack of reserves, but Gazprom s investment strategy.

The first is to weaken China s incentive to accumulate reserves.

But almost all of the reserves sit idle on commercial banks balance sheets.

In normal times, there are valid reasons for paying interest on excess reserves.

East and South Asia accounted for almost 80 per cent of the increase in reserves.

All formal decisions and official documents of the Committee shall be issued in the official languages.

Modest estimates put these reserves at around 30 billion barrels.

Countries recognized that without reserves, they risked losing their economic sovereignty.

Much of the world s gold reserves ended up in the hands of the US.

Because of limited reserves, Bahrain has worked to diversify its economy over the past decade.