Comments on: Libya Shunning the Dollar? http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/ Sat, 07 Nov 2009 04:45:11 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: bsetser http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107927 bsetser Thu, 29 May 2008 15:29:10 +0000 http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107927 dr. dan -- thanks for highlighting the troubles with the comments. we are working on it. indian banker -- thanks for the heads up re: india selling $. Other ASians are too. the big hoards of $ tho right now are in China and the oil exporters, and i think they are still buying. they are buying more than oil importing asia is selling. but india, vietnam, philippines and probably others are now facing depreciation pressures. I am a bit surprised by the reversal re: india. it was really intervening quite heavily around the turn of the year. dr. dan — thanks for highlighting the troubles with the comments. we are working on it.

indian banker — thanks for the heads up re: india selling $. Other ASians are too. the big hoards of $ tho right now are in China and the oil exporters, and i think they are still buying. they are buying more than oil importing asia is selling. but india, vietnam, philippines and probably others are now facing depreciation pressures. I am a bit surprised by the reversal re: india. it was really intervening quite heavily around the turn of the year.

]]> By: dr.dan http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107921 dr.dan Thu, 29 May 2008 02:33:23 +0000 http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107921 did u guys fix the comments it was a horror last week. did u guys fix the comments

it was a horror last week.

]]> By: rziemba http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107913 rziemba Wed, 28 May 2008 21:36:18 +0000 http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107913 deposits make up a much smaller share of algeria's assets. At the end of 2007, deposits were about $10 billion and Algeria reported reserves of around $110 billion. Yes - I may have projected an even more conservative view of Kuwait than current trends would dictate. But spending is still not accelerating at the same pace that current Libyan plans might indicate. deposits make up a much smaller share of algeria’s assets. At the end of 2007, deposits were about $10 billion and Algeria reported reserves of around $110 billion.

Yes – I may have projected an even more conservative view of Kuwait than current trends would dictate. But spending is still not accelerating at the same pace that current Libyan plans might indicate.

]]> By: asuk http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107912 asuk Wed, 28 May 2008 20:06:12 +0000 http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107912 Muammar al-Gaddafi is dangerous but not stupid, so… he works accordingly. Muammar al-Gaddafi is dangerous but not stupid, so… he works accordingly.

]]> By: Rachel http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107910 Rachel Wed, 28 May 2008 12:14:19 +0000 http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107910 Algeria has consistently had a lower share of deposits than Libya. Their current total stock is about $10billion compared to a $110 billion reserve stock at the end of last year. Point taken about Kuwait. The graph above may have reflected an even more conservative perspective than current trends project. Algeria has consistently had a lower share of deposits than Libya. Their current total stock is about $10billion compared to a $110 billion reserve stock at the end of last year.

Point taken about Kuwait. The graph above may have reflected an even more conservative perspective than current trends project.

]]> By: bsetser http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107903 bsetser Tue, 27 May 2008 19:16:22 +0000 http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107903 i am surprised that Kuwait also remains as conservative as the chart above implies, with a current account that comes close to balancing even if oil is around $30. Do you have a sense of how Algeria -- another big North American oil exporter -- is managing its reserves? My guess is that it too mostly has deposits. i am surprised that Kuwait also remains as conservative as the chart above implies, with a current account that comes close to balancing even if oil is around $30.

Do you have a sense of how Algeria — another big North American oil exporter — is managing its reserves? My guess is that it too mostly has deposits.

]]> By: mheck http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107896 mheck Mon, 26 May 2008 13:16:10 +0000 http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107896 Nice of you and Brad to care that the regular blog readers have something to read ;-) Nice of you and Brad to care that the regular blog readers have something to read ;-)

]]> By: Indian Banker http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107895 Indian Banker Mon, 26 May 2008 11:13:24 +0000 http://blogs.cfr.org/setser/2008/05/26/libya-shunning-the-dollar/#comment-107895 Not sure if you guys know, Indian central banking was selling USD all through last week to step currency depreciation. I am not sure if US will attract capital easily going forward. Not sure if you guys know, Indian central banking was selling USD all through last week to step currency depreciation.

I am not sure if US will attract capital easily going forward.

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