I am very curious where do foreign reserves come from? You can find anything about them on the internet but I saw nowere explained where do the money come from.
There countris with high currency reserves are also exporters. But there are also countries like Romania that have seen gov deficites and year after year and curent account deficites but they have still record high reserves.
So I figured out, freign reserves are not made of money left over to the governmrnt(surplus).
Can anyone please explain their source.
Thanks alot,
Ryan
There countris with high currency reserves are also exporters. But there are also countries like Romania that have seen gov deficites and year after year and curent account deficites but they have still record high reserves.
So I figured out, freign reserves are not made of money left over to the governmrnt(surplus).
Can anyone please explain their source.
Thanks alot,
Ryan