June 8-9, 2018 Canada held the forty-fourth G7 summit. Leaders of the 7 most successful countries met there, they discussed important topics in the field of economy, investment, civil rights, the climate of our planet, including the topic of crypto-conversions.
How are things now in the banking sector?
Today the central banks of the Big Seven are traditional traders who buy and sell the same currency, the Central Bank, SDR (special drawing rights), gold.
They adhere to a specific investment policy that has generally accepted principles for asset allocation:
first place should be liquidity;
on the second, security;
and only then - profitability.
The purpose of the Central Banks is to manage, coordinate and serve the foreign reserves of the country. The number of such reserves in the country determines its ability to meet its debt obligations. The depth of the national reserve also helps to express the overall financial and economic stability of the country.
The G7 countries are linked on several fronts, including areas of politics, finance, as well as trade transactions and agreements. Their monetary reserves consist of the currencies of those countries that are members of the G-7.