Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I'm wondering if it may be more illuminating to consider reserves as formalised political and economic relationships rather than piles of cash with a nominal value, and a also rudimentary type of international credit rating.

Declining value may not matter if you get benefits in kind - e.g. China and the US.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat May 31st, 2008 at 12:52:16 PM EST
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