gold and dollar reserves

基本解釋

For example, South Korea last week passed on the U.S. dollar and bought gold for the first time in 13 years to fill its reserves.
例如，上周，韓國13年以來第一次購進(jìn)了黃金而不是美元來作爲(wèi)其儲(chǔ)備。

We note the sharp contrast with 2001, when a shortage of dollar liquidity (strong and strengthening dollar, high real interest rates, low central bank dollar reserves, falling gold and commodity prices, rapidly shrinking U.S. profits) all spelled weakness.
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The dollar has no intrinsic value and is not backed by any reserves of gold or silver.
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They wanted the U.S. to do more than it was doing to correct its external imbalance and they showed an interest in actually cashing in their excess dollar reserves for gold.
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