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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Global finance leaders fail to disarm currency time bomb

Posted on 11 October 2010

From Thenational.ae: Few observers expect the Gulf region’s sovereign funds to exercise political or economic sway in the debate but Sven Behrendt, the managing director of Geoeconomica, a political risk management company based in Geneva, said they had the latitude and size to do so. “We estimate that the Gulf region holds an accumulated $1.3 trillion in foreign exchange reserves and financial assets in sovereign wealth funds,” he said.
“That is somewhat more than the foreign exchange reserves of Japan and more than half of China’s foreign exchange reserves. That means the Arab world is a player in this currency war and as such will also determine how it is going to evolve.”……………………………………Full Article: Source


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