Monetary reserve

(redirected from Foreign currency reserves)

Monetary Reserve

The foreign currencies and precious metals that a central bank holds. A central bank's monetary reserve allows it to regulate its own currency; that is, a central bank with a large amount of reserves in euros is likely to closely follow or even peg its currency to the euro. On the other hand, central banks that keep monetary reserves in multiple currencies are more likely to follow either a basket peg or to have a floating currency. A monetary reserve is also called a currency reserve.

Monetary reserve.

A government's monetary reserve includes the foreign currency and precious metals that its central bank holds. That reserve enables the government to influence foreign exchange rates and to manage its transactions in the international marketplace.

For example, a country with a large reserve of US dollars is in a position to make significant investments in US markets.

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According to Nepal Rastra Bank statistics, the country's foreign currency reserves as of mid July this year stood at $9.50 billion, down from $10.08 billion in mid-July 2018.
On August 23, the foreign currency reserves held by the SBP were recorded at $8,271.1 million, up $32.4 million compared with $8,238.7 million in the previous week.
On August 2, the foreign currency reserves held by the SBP were recorded at $7,729.1 million, down $37.9 million, compared with $7,767 million in the previous week.
Driven by tourism receipts and external financing, Tunisia's net foreign currency reserves have returned to their September 2017 level in terms of import days.
On July 26, the foreign currency reserves held by the SBP were recorded at $7,767 million, up $155.1 million compared with $7,611.9 million in the previous week.
On July 19, the foreign currency reserves held by the SBP were recorded at $7,611.9 million, down $389.4 million compared with $8,001.3 million in the previous week.
The data released by the state Bank of Pakistan shows 12.9 percent increase to $8 billion in foreign currency reserves. The Forex held by the private banks are $7 billion plus.
On June 28, the foreign currency reserves held by the SBP were recorded at $7.27 million, down $9.3 million compared with $7.28 billion in the previous week.
On June 21, the foreign currency reserves held by the SBP were recorded at $7,282.1 million, down $322 million compared with $7,604.5 million in the previous week.
Summary: TEHRAN (FNA)- Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati underlined that the country has no concerns about its foreign currency reserves despite the US sanctions.
The foreign currency reserves held by the State Bank of Pakistan declined $239 million to $7.048 billion, amid external debt servicing and other official payments, the central bank said.
Mongolia's foreign currency reserves have more than doubled since the start of the program, according to the Bank of Mongolia.

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