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The Exchange Stabilization Fund (ESF) is an emergency reserve fund of the United States Treasury Department, normally used for foreign exchange intervention. This arrangement (as opposed to having the central bank intervene directly) allows the US government to influence currency exchange rates without affecting domestic money supply. As of October, 2009, the fund held assets worth $105 billion, including $58.1 billion in Special Drawing Rights (SDR) from the International Monetary Fund. From Wikipedia under the
GNU Free Documentation License  ukranews.com 165px x 220px | 14.20kB [source page] Cabinet Grants UAH 275 Million From Stabilization Fund To Support Agrarians 15 12 Tuesday July 28 2009  nowandfutures.com 491px x 638px | 10.30kB [source page] Where is the value of the dollar going per the Exchange Stabilization Fund Source  russia-ic.com 204px x 223px | 7.90kB [source page] will fall to 26 rubles per dollar If oil prices go down then despite the Euro s growth the ruble s rate is unlikely to change it will probably be set at 26 5 27 rubles per dollar Due to the recent changes Russia hasn t lost a lot as the Central Bank and the Stabilization Fund of Russia possess the foreign exchanges reserves formed not only by dollars but Euro From Yahoo Image Search: "Exchange Stabilization Fund"  news.google.com RGE Monitor Given the reduction in Saudi Arabia's oil production, further spending seems likely, despite the stabilization in the oil price. ... and more » news.google.com NASDAQ That compares with the fund's projection in April of growth rates of 0.1% in 2009 and 3% next year. The Chilean peso's real exchange rate is considered ... IMF praises Bahraini authorities' discreet macroeconomic policies ... Global Arab Network - English News all 387 news articles » news.google.com Bloomberg There's some doubt whether this rally can be sustained, said Wang Zheng, a fund manager at Jingxi Investment Management Co. in Shanghai. ... Asian stocks rise, oil supported after OPEC WBFO all 577 news articles » From Google News Search: "Exchange Stabilization Fund"  elainemeinelsupkis.typepad.com ElaineMeinelSupkis hu, 14 Feb 2008 17:53:13 GM The U.S. monetary authorities the Treasury and the Fed may intervene in the foreign . exchange. market to counter disorderly market conditions, using . funds. that belong to the Federal Reserve and to the . Exchange Stabilization Fund. (ESF) of ...  publicradio.org unknown Sat, 04 Oct 2008 17:17:51 GM President George W. Bush approved the use of existing authorities by Secretary Henry M. Paulson, Jr. to make available as necessary the assets of the . Exchange Stabilization Fund. to guarantee the payment. The . Exchange Stabilization Fund. ...  etftrends.com Tom Lydon Mon, 22 Sep 2008 19:00:31 GM The Federal Reserve did say last week that it would insure money market . funds. with up to $50 billion from the Treasury's . Exchange Stabilization Fund. , reports Sue Asci for Investment News. WisdomTree Current Income . Fund. (USY) launched in ... From Google Blog Search: "Exchange Stabilization Fund" |
