Tag external reserves reduced by 2 1 in one month

A economic question!

If the external reserves of a country have reduced by 2% in one month, it means that the country's foreign exchange reserves have decreased by 2% of their total value.

To calculate the reduction in external reserves, you would need to know the total value of the country's external reserves before the reduction. Let's call this value "X".

The reduction in external reserves would be:

Reduction = 2% of X = 0.02 × X

For example, if the country's external reserves were $100 billion before the reduction, the reduction would be:

Reduction = 2% of $100 billion = 0.02 × $100 billion = $2 billion

So, the country's external reserves would now be:

New value of external reserves = $100 billion - $2 billion = $98 billion

In summary, a reduction of 2% in external reserves means that the country's foreign exchange reserves have decreased by 2% of their total value.