Financial Reserves Quotes

Even the National Bank of Romania doesn't have the huge resources needed to intervene in the market and keep the leu at an acceptable level, because they're drawing close to a floor below which the bank's reserves can't drop. The central bank has to wait for a moment of calm to efficiently conduct its interventions.

We, being the Western world, wouldn't let Russia off the hook on debt. So there were demands on debt servicing in the early days until they ran out of reserves. There was no real aid program, just a fictional aid program.

If you don't have ample liquidity, and it's not durable, in times of stress, as you're looking for liquidity, you're forced to sell assets at declining prices, which then eats into your capital position, so it becomes this very, very negative cycle. There's no question that liquidity is sacrosanct.

Cash is king. Get every drop of cash you can get and hold onto it.

What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies.

Make it a priority to have at least eight months of living costs set aside in a federally insured bank or credit union account.

Two things … appear to be chiefly necessary to make a nation great and powerful, which is to be rich and populous.

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

Insurance companies don't make anything.

I feel very strongly we need to do a better job with the rainy day fund.

We keep our reserves both in dollars and in Euros mostly.

Let us not forget that we have two governmental reserve funds: the Reserve Fund and the National Wellbeing Fund that represent together $100 billion.