Meaning of the word "foreign exchange reserves" in English
What does "foreign exchange reserves" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
foreign exchange reserves
US /ˈfɔːr.ɪn ɪksˈtʃeɪndʒ rɪˈzɜːrvz/
UK /ˈfɔːr.ɪn ɪksˈtʃeɪndʒ rɪˈzɜːrvz/
Noun
1.
assets held by a central bank or monetary authority, usually in foreign currencies, used to back its liabilities and influence monetary policy
Example:
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The country's foreign exchange reserves have increased significantly this quarter.
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Maintaining sufficient foreign exchange reserves is crucial for economic stability.
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