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Extra Cash to Play With

Excess reserves are defined as reserves above the amount needed to cover foreign debts coming due within one year. Much of these reserves - a significant amount of the gross national products of many developing countries - are locked up in low-yielding U.S. Treasurys.

Extra Cash to Play With
SOURCE: Center for Global Development | GRAPHIC: Karen Yourish, The Washington Post - June 22, 2006
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