SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RealMuLan who wrote (55847)11/10/2004 6:05:45 PM
From: Raymond Duray  Read Replies (1) of 74559
 
Yiwu,

Re: Does the foreign reserve has to be cash or cash equivalent (like gold)? Can it be in other forms like US T-bonds, t-bills or t-notes?

Bond and notes are not considered cash equivalents. Bills are included in cash equivalents.

Here's on academic take on reserves:

Reserves
Funds held against future contingencies., normally a combination of convertible foreign currency, gold, and SDRs. Official reserves are to ensure that a government can meet near term obligations. They are an asset in the balance of payments.

ozforex.com.au

Unfortunately, my financial textbooks are in storage at this time, so I can't reference them.

And after a fruitless search of online resources, I'm afraid I cannot offer anything more on this topic.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News