ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Industrial Countries Lose Reserves

FOREIGN exchange reserves of the 14 leading industrial countries declined by $ 2 billion in the first quarter of 1968, according to IMF statistics. The decline all but eliminated a $ 2 billion upward movement of these reserves which had taken place in the second half of last year. The total of golcj and foreign exchange holdings and reserve positions in the Fund of the United States, United Kingdom, Canada, Japan and a group of ten European countries amounted altogether to $ 53 billion at the end of June 1967. Six months later they stood at $ 55 billion. But at the end of the first quarter of 1968 the figure was down again to $53 billion.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top