What I Heard About Foreign Reserves ? - Politics - Nairaland
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| What I Heard About Foreign Reserves ? by urahara(op): 9:14pm On Jan 06, 2020 |
Today I heard that countries don't keep their foreign reserves in a safe.They invest them, mostly in bond markets. How true is this ? Cc Omohayek , grandstar , blue3k , ugosample |
| Re: What I Heard About Foreign Reserves ? by Blue3k(m): 9:22pm On Jan 06, 2020 |
I know foreign reserves held mostly in US Treasury bonds. |
| Re: What I Heard About Foreign Reserves ? by slimfit1(m): 9:27pm On Jan 06, 2020 |
The most craziest idea it is. Most countries deposit the money in their own banks. Ours I can't explain. |
| Re: What I Heard About Foreign Reserves ? by urahara(op): 9:30pm On Jan 06, 2020 |
Blue3k:If foreign reserves are held in u.s bonds then how is the cbn able to quickly intervene in the forex market. Which dollars do they use to intervene ? |
| Re: What I Heard About Foreign Reserves ? by Blue3k(m): 9:50pm On Jan 06, 2020 |
urahara:They can sell it on open market since US treasury bonds are very liquid. Im sure they also have cash aswell. You see the how much of each on CBN website. https://www.cbn.gov.ng/IntOps/Reserve.asp?MoveDate=8/27/2019 2 Likes 1 Share
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| Re: What I Heard About Foreign Reserves ? by alizma: 10:53pm On Jan 06, 2020 |
Blue3k:Also in gold 1 Like
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