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Notes -
Yeah it's not that foreign governments / central banks buying the currency counts for imports/exports. It's just that that's the required action to counteract the natural sell-pressure on the net-importer currency and the buy-pressure on the net-exporter currency, which would otherwise cause the exchange rate to move and would eventually end up evening out the imports & exports, dynamically.
So I believe the agency is pretty much all on the side of the trade surplus nation/currency, because anyone can issue their own currency and buy foreign reserves (which will be called 'establishing/maintaining an exchange rate peg' if formally acknowledged). No one can really force themselves into the trade deficit side.
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