Deciding how much a country must hold in forex reserves to get sufficient hedge against external risks is complicated. But beyond a point, more is certainly not better since holding the dollars has costs.
IMF approves $700 million for Pakistan, stabilizing economy. Progress cited, but challenges persist. Read about fiscal improvements and inflation concerns
By Joshua Kirby Turkey swung to a deficit in its current account in November, its first in three months, as inflows from tourism eased at the beginning of.