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Why are subscriptions to the World Bank's IBRD measured in 1944 US dollars? How is this calculated?

Several official documents published by the World Bank's 'International Bank For Reconstruction and Development' (IBRD), such as https://pubdocs.worldbank.org/en/795101541106471736/...
M. Y. Zuo's user avatar
  • 121
1 vote
1 answer
67 views

Foreign Currency Reserves: Profit / Loss from Foreign Currency Depreciation / Appreciation?

From Wikipedia article on foreign exchange reserves: The central bank may, however, profit from a depreciation of the foreign currency or incur a loss on its appreciation. Why does the depreciation ...
Per48edjes's user avatar
1 vote
0 answers
18 views

Is Bank for International Settlements still providing financial services to Afghanistan?

After the Taliban takeover of Afghanistan in August 2021, most of the major central banks such as the Fed, Bank of England, and Bundesbank froze FX reserves of the Afghan central bank (DAB). As of ...
Yoda's user avatar
  • 93
0 votes
2 answers
76 views

Capital flight and interest rates

I am currently reviewing some stuff on capital flight and self-fulfilling crises. In this scenario, investors generally think that a low availability of reserves could imply that the central bank ...
ChinG's user avatar
  • 1,633
4 votes
1 answer
420 views

How can the HKMA peg the Hong Kong dollar at 7.8 HKD/USD for so long?

A lot of pegged exchange rate systems don't stay pegged for so long (e.g. because the central bank run out of reserves to maintain their values) So far I understand that the HKD is 100% backed by the ...
Adrian Muljadi's user avatar