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Foreign- exchange reserves ( also called forex reserves or FX reserves) is money or other assets held by a central bank or other monetary authority so that it can pay its liabilities if needed, such as the currency issued by the central bank, as well as the various bank reserves deposited with the central bank by the government and other financial institutions. Foreign- exchange reserves ( also called Forex reserves) are, in a strict sense, only the foreign- currency deposits held by national central banks and monetary authorities ( See List of countries by foreign- exchange reserves ( excluding gold) ).
However, in popular usage and in the list below, it also includes gold reserves, special drawing rights ( SDRs) and International Monetary Fund ( IMF) ternational Journal of Scientific and Research Publications, Volume 2, Issue 12, December 1 FDI Trends during the Last Decade and Its Effect on.
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