ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Who 'Owns' the Foreign Exchange Reserves?

The old idea about the "use" of foreign exchange reserves is now being expressed in a new form. It is suggested that a part of the reserves could be drawn on to set up a sovereign wealth fund to acquire raw material assets abroad. This is just as bad an idea as the proposal mooted years ago.



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