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Those could only be bought with foreign currencies, which it could earn by trade, or by drawing down its own hard currency reserves of gold.
www.dailyreckoning.com.au
It is possible that the monetary authorities' intervention to reduce pressures on the lira could exhaust a significant portion of the central bank's hard currency reserve.
latimesblogs.latimes.com
And he adds, a much-publicized campaign to block and even destroy imported western food, is a measure to save dwindling hard currency reserves.
www.thestar.com
Today, the four countries produce about 15 percent of the worlds gross domestic product and hold about 40 percent of the gold and hard currency reserves.
en.wikipedia.org
With over $600bn in hard currency reserves going into the crisis, it seemed the government thought it could bail out the whole economy.
www.telegraph.co.uk

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