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IMF: Emerging countries will need foreign exchange reserves up to $ 900 billion $

This entry was posted on Thursday, December 30th, 2010 at 10:02 and is filed under Currency, Finance, Investment, Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

The emerging countries, with the exception of China and oil producers, will need the next five years, foreign exchange reserves of 400-900 billion dollars, where economies will recover after the financial crisis, according to IMF.

For the next ten years, the International Monetary Fund (IMF) predicts that the need for foreign exchange reserves of a group of 118 emerging countries, except China and oil producers, could rich to 1.300-2000 billion dollars.

“It is possible that demand for foreign reserves to exceed estimates”, according to the Fund, which took into account, at making forecasts that there will be decreases in the volume of funds held by the state after 2009.

In a report of the Fund is indicated that, at out of crisis, many countries would like to increase its reserves and the metods of protection, since such crises are cyclical.