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Additional
Foreign exchange reserves
English Wikipedia - The Free Encyclopedia
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Foreign-exchange reserves
Foreign-exchange reserves
(also called
forex reserves
or
FX reserves
) are assets held by a
central bank
or other
monetary authority
, usually in various
reserve currencies
, mostly the
United States dollar
, and to a lesser extent the
euro
, the
pound sterling
, the
Japanese yen
, and used to back its
liabilities
—e.g., the local
currency
issued, and the various
bank reserves
deposited
with the central bank by the
government
or by
financial institutions
.
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