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

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Who 'Owns' the Foreign Exchange Reserves?

The old idea about the "use" of foreign exchange reserves is now being expressed in a new form. It is suggested that a part of the reserves could be drawn on to set up a sovereign wealth fund to acquire raw material assets abroad. This is just as bad an idea as the proposal mooted years ago.

HT PAREKH FINANCE COLUMN

Who ‘Owns’ the Foreign Exchange Reserves?

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