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 Glossary   >   R   >   "Reserve currency" Definition   

        Reserve currency

A foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of inter-governmental claims.

Reserve currency


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Reserve currency - A foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of inter-governmental claims.


Reserve currency : a foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of inter-governmental claims.