The International Monetary Fund will inject 250 billion dollars into member nations' foreign-exchange reserves. IMF hopes to boost liquidity in the face of the of the global economic crisis.
The International Monetary Fund executive board has endorsed a decision to inject 250 billion dollars into member nations' foreign exchange reserves, a rare move from the organisation, with nearly 100 billion dollars going to developing economies.
At the end of February, China's forex reserves - the largest in the world- fell to 1,9121 trillion dollars from 1,9135 trillion a month earlier, China's central bank announced on Saturday. Most of China's reserves are invested in US Treasury bonds.
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