Foreign exchange reserves

I remember when I was a kid, one of the Taiwanese's proud was the NO. 1 Foreign exchange reserves. But fuck, you know what "Foreign exchange reserves" is not exactly something we can use to value the power of a country. It was in fact because that at that period NTD was not popular in the world, that is to say NTD was not fluid, so the government had to keep a great amount of dollars to do international trades. In addition, the reason China became the No.1 Foreign exchange reserves country was because of its pegged exchanged rates policy forced it to buy a great amount of dollars to depreciate yuan. - - those misleading news are fucked.