Reserve assets

International Monetary Fund (IMF) Managing Director Christine Lagarde, right, and European Central Bank (ECB) President Mario Draghi, left, speak prior to G20 Finance Ministers' and Central Bank Governors' Meeting Saturday, June 8, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko, Pool)
June 13, 2019 - 6:41 am
FRANKFURT, Germany (AP) — The euro has gained ground on the dollar as a global currency used for government reserves as U.S. sanctions deter some countries' use of the U.S. currency. The dollar, however, is still very much the dominant currency for international trade, borrowing and reserves. That...
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FILE - In this Sept. 11, 2017, file photo, The United Nations Security Council votes to pass a new sanctions resolution against North Korea during a meeting at U.N. headquarters. Some experts say North Korean Kim Jong Un may ask Russian President Vladimir Putin in a meeting set to take place in Vladivostok on Thursday, April 25, 2019, to voice strong opposition to the sanctions, enforce them less stringently and send humanitarian food aid to North Korea. (AP Photo/Jason DeCrow, File)
April 23, 2019 - 9:42 pm
SEOUL, South Korea (AP) — Two months after he failed to win a badly needed easing of sanctions from President Donald Trump, North Korean leader Kim Jong Un is traveling to Russia in a possible attempt to win its help as the U.S.-led trade sanctions hurt his country's already-struggling economy...
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January 30, 2019 - 11:53 am
CARACAS, Venezuela (AP) — In a nation awash with rumors amid a government crisis in which two men have claimed Venezuela's presidency, even the unexpected arrival of a Russian passenger jet can set off a social media frenzy. The Boeing 777 belonging to Russia's Nordwind Airlines arrived Monday...
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FILE - In this Nov. 25, 2016, file photo, a clerk counts Chinese currency notes at a bank outlet in Huaibei in central China's Anhui province. China's foreign currency reserves declined in October, 2018, suggesting Beijing might be intervening in market to keep its yuan's politically sensitive exchange rate from falling to far against the dollar. Central bank data on Wednesday, Nov. 7, 2018, showed the reserves, the world’s biggest, contracted by about $34 billion to just over $3 trillion.(Chinatopix via AP, File)
November 07, 2018 - 5:22 am
BEIJING (AP) — China's foreign currency reserves declined in October in a sign Beijing might be intervening in the market to keep its yuan from falling too far against the dollar and triggering a possible U.S. backlash amid a tariff battle. The reserves, the world's largest, declined by about $34...
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Pakistani Prime Minister Imran Khan, speaks in front of a screen displaying his national flag during the opening of the Future Investment Initiative conference, in Riyadh, Saudi Arabia, Tuesday, Oct. 23, 2018. A high-profile economic forum in Saudi Arabia has begun in Riyadh, the kingdom's first major event on the world stage since the killing of writer Jamal Khashoggi at the Saudi Consulate in Istanbul earlier this month. (AP Photo/Amr Nabil)
October 24, 2018 - 6:26 am
ISLAMABAD (AP) — Pakistan has negotiated a $6 billion assistance package of loans and deferred payments from Saudi Arabia in hopes of resuscitating its flagging economy, struggling under the weight of a whopping $18 billion deficit. Analysts say the Saudi infusion will allow Islamabad to breathe a...
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