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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.
Elk Salmon 10:47, 4 July 2008 (UTC) You are wrong, because foreign reserves of all member states of the Eurozone are part of the EUROSYSTEM, and that is why reserves from European countries like the U.K., Denmark, Poland, Sweden, Norway etc., which are not part of EUROSYSTEM, are not included.--79.154.37.80 00:59, 28 December 2010 (UTC)If we ...
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 ...
The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
Country foreign exchange reserves minus external debt. In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference between all money flowing into the country in a particular period of time (e.g., a quarter or a year) and the outflow of money to the rest of the world.