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He offered no figures on how low the foreign currency reserves were.
The market opened due to growing Japanese foreign currency reserves during late 60's.
It will be used in international trading and for currency reserves.
Argentina paid it with the central bank's foreign currency reserves.
This gold and the bank's other currency reserves were under the control of the London board.
The bank said it had also used some of its existing credit lines to increase foreign currency reserves.
Over the last five years, its foreign currency reserves have multiplied by eight, to more than $200 billion.
And the country was running out of foreign currency reserves to defend the pound.
The government is also expected to use the revenue to reinforce its foreign currency reserves.
This can only go on so long before the central bank runs out of foreign currency reserves with which to intervene.
And his hard currency reserves, essential to pay for smuggling, are running out.
But even as the country's gold and currency reserves continued to drain away, worse was to come.
China's foreign currency reserves rose by $111.3 billion in the first three quarters of the year, according to official Chinese data.
The central bank has accumulated the country's immense foreign currency reserves in the process.
Thailand's foreign currency reserves have risen to more than $50 billion.
Venezuela still has billions of dollars in foreign currency reserves.
Exporters would be required to sell most of their hard currency reserves.
It has no external debt to speak of, plus more than $440bn in hard currency reserves.
Ladies and gentlemen, what are the currency reserves of the central banks used for?
Schacht was able to build up foreign currency reserves for later use.
Russia's hard currency reserves are about $11 billion now.
Brazil's foreign currency reserves are almost $9 billion, but the economic team says domestic priorities should come first.
Foreign currency reserves here are low, unofficially estimated at less than $150 million.
If the central bank runs out of foreign currency reserves, then the peg will collapse.
They did it by digging deep into their currency reserves to buy francs on the open market.