The Philippine central bank governor, Gabriel Singson, said the country's international currency holdings reached a record $ 8 . 8 billion as foreign funds flowed into the country in search of higher yields.
42.
The government has failed to sell its biggest asset, the overstaffed and inefficient state copper mines, which account for 10 percent of the economy and earn 90 percent of Zambia's foreign currency holdings.
43.
Analysts say the yen's decline was exacerbated as hedge fund managers shifted some of their currency holdings from yen to euros and investors continued to cover dollar-yen and euro-yen short, or oversold, positions.
44.
But the dollar accounted for 61.5 percent of the foreign-currency holdings of central banks and governments in 1995, the most recent year for which figures are available, according to the International Monetary Fund.
45.
As a result its foreign currency holdings are the highest ever, nearly US $ 12 billion, and the government is talking about possibly weaning itself from International Monetary Fund loans by next year.
46.
The structure of the arrangement serves to avoid domestic currency reserve management difficulties for foreign central banks that could arise if the Federal Reserve actively invested the foreign currency holdings in the marketplace.
47.
The dollar closed lower in Europe as disappointment at its failure to derive strength from concern about weekend elections in Germany and Taiwan spurred traders to pare their U . S . currency holdings.
48.
For Saudi Arabia, which pumps 9 . 5 million barrels a day, foreign currency holdings grew by US $ 17 billion ( euro13 . 6 billion ) from January through the end of August.
49.
The country's GIR, or foreign currency holdings level, droppedto $ 10 . 12 billion in October, down by more than 7 . 7 % from the $ 10 . 96-billion GIR posted for end-September.
50.
Its budget, set at $ 1.2 billion this year, comes out of the money it earns in interest on the securities it owns, from investing foreign-currency holdings, and from processing checks for local banks.
