Pimpy – Dinar Guru  Video “Why Foreign Currency Reserves Are Important”    Quote “holding foreign currency reserves…influence the exchange rate.  With large foreign exchange reserves a country can target a certain exchange rate.  For example, suppose a country wanted to increase the value of its currency, it could sell its dollar reserves to buy its own currency on the foreign exchange markets.  The increased demand for this currency would appreciate its value.” …a few years back Iraq was taking I think $1.5 billion a month from their oil revenues and buying their own currency back off the market… [Post 1 of 2]

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