Monetary Authorities with the largest foreign reserves in 2007.
Central Bank/Monetary Authority
$311 (February 23)
$193 (March 2007)
What is sterilization? What are MSBs? What are the components of forex reserves? Do you think a limit should be placed on the forex stock that the RBI could hold , as Mr.Chidambaram used to suggest when he was in opposition? Forex at $193 billion- what better use can be made of them ?