Exchange reserves refer to the foreign currencies that a country holds in order to facilitate international trades and stabilize its own currency. These reserves act as a safety net that a country can use to pay off its debts and ensure economic stability.
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Phrases with «exchange reserves»
Sentences with «exchange reserves»
- And although it has foreign exchange reserves of over $ 3.3 trillion, the reserves have actually slowed down the need to develop the domestic economy. (gfmag.com)
- At the end of 2006, 25 percent of all foreign exchange reserves held by central banks were in euros, compared to 66 percent in dollars. (thebalance.com)
- She oversees foreign exchange reserve management, FX operations and the provision of investment services to foreign central banks and international organisations. (fxinvesteurope.com)
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