Reserve position is a country's automatic drawing right in the International Monetary Fund, and its amount mainly depends on the share subscribed by the member country in the International Monetary Fund. The maximum limit that a member country can use is 125% share, and the minimum is 0.
Extended data:
Reserve situation
1, foreign exchange reserves
A country's foreign trade includes both import and export, as well as income and expenditure. When there is a trade surplus, we can accumulate international reserves, and when there is a trade deficit, we can balance the trade deficit without compressing imports. Adequate reserves also have the function of stabilizing the exchange rate.
Excessive devaluation of the local currency, the central bank intervened in the market, selling foreign exchange and raising the exchange rate of the local currency. On the contrary, buy foreign exchange to ease the pressure of exchange rate appreciation. A country with abundant foreign exchange reserves and a strong currency will have a much harder back in international exchanges.
2. China Reserve
In 20001year, Chinese mainland's international reserves increased by 47.325 billion US dollars, and its foreign exchange reserves reached 21265.438+65 million US dollars, ranking second in the world after Japan. There are different opinions about whether China's international reserves are a bit "surplus", which is worth further discussion.
However, one thing is universally acknowledged. It is with strong international reserves that we can solemnly promise to the world that the RMB will not depreciate after the Asian financial crisis.
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