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

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Foreign Exchange: Managing Plenty

Managing Plenty In just over six years, global international reserve holdings rose markedly from US $ 1.5 trillion in 1996 to US $ 2.3 trillion by mid-2003. The bulk of the reserves growth has been concentrated in Asia, much of which is invested in relatively low yielding liquid US assets such as treasury bills. Apart from Japan and Greater China (Mainland China, Hong Kong, Taiwan and Macao), India, Singapore and South Korea are responsible for Asia

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