Gold reserves are part of the economic strength which gives the cover
for paper money - but not by law - this was cancelled for most countries
Forex reserve or Foreign exchange reserves are only the foreign currency deposits and bonds held by central banks and monetary authorities. A country needs Foreign exchange reserves as it is important indicator of nation's ability to repay foreign debt and also for currency defense. It is also used to determine credit ratings of nations.
Central Bank or any Monetary Authority of that country controls the printing of money.
System based on the fact that a country benefits by accumulating monetary reserves through a positive balance of trade.
Central banks control the quantity of money in circulation by printing more bills when the central storage is low and refraining from printing when the country is suffering from inflation.
Factors of a country's exportation are the things that determine a given country to export certain goods.
the country is Iran
Australia is the country with the largest uranium reserves.
Algeria is the North African country with the largest supply of oil reserves.
Russia has the largest coal reserves in the world. It has 1 third of the worlds coal reserves.
Nigeria has the most significant petroleum reserves in Africa.
Japan
BRAZIL.....
Venezuela has the largest oil reserves in Latin America.
Forex reserve or Foreign exchange reserves are only the foreign currency deposits and bonds held by central banks and monetary authorities. A country needs Foreign exchange reserves as it is important indicator of nation's ability to repay foreign debt and also for currency defense. It is also used to determine credit ratings of nations.
Lots of countries have crude oil reserves. Russia, Saudi Arabia, the US, and Iran have the most crude oil reserves.
China's foreign exchange reserves is $2.13 trillion
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