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Foreign exchange reserves, also called Forex reserves, in a strict sense, are foreign-currency deposits held by nationals and monetary authorities.However, in popular usage and in the list below, it also includes gold reserves, special drawing rights (SDRs) and IMF reserve position because this total figure, which is usually more accurately termed as official reserves or international reserves ...
e. Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold and silver held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets.
The foreign exchange reserves of China are the state of foreign exchange reserves held by the People's Republic of China, comprising cash, bank deposits, bonds, and other financial assets denominated in currencies other than China's national currency (the renminbi). As of August 2024, China's foreign exchange reserves totaled US$ 3.288 trillion ...
Foreign exchange reserves (also called Forex reserves) in a strict sense include only the foreign exchange reserves of the Central Banks and generally exclude reserves in Quasi-government entities such as sovereign wealth funds, which often rival or exceed foreign exchange reserves in size.
In 1960, forex reserves covered just 8.6 weeks of imports [13] In 1980, India had foreign exchange reserves of over US$7 billion, more than double the level (U$2.55 billion) of what China had at that time. [7] In 1990, forex reserves covered just 4.8 weeks of imports [13] Foreign exchange reserves of India reached milestone of $100 billion mark ...
Reserve currency. A reserve currency is a foreign currency that is held in significant quantities by central banks or other monetary authorities as part of their foreign exchange reserves. The reserve currency can be used in international transactions, international investments and all aspects of the global economy.