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How are "foreign reserves" held by governments?
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[QUOTE="Office_Shredder, post: 6834786, member: 53426"] Most dollars are held in a clerical way in the bank, but the actual dollars are basically tracked exactly. In practice most banks keep their cash at the federal reserve now. If someone wanted to move 5 billion dollars around, it would probably actually be effected by reserves at the fed moving from one bank to another (assuming they are moving the money to someone else at another bank). Your hypothetical government probably can't even make a bank capable of pretendingit has us dollars because it wouldn't have access to fed deposits. [/QUOTE]
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How are "foreign reserves" held by governments?
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