Foreign reserve currencies

reserve currency is a foreign currency that is held in significant quantities by central banks or other monetary authorities as part of their foreign

the foreign exchange rate of its currency, and to maintain confidence in financial markets. Reserves are held in one or more reserve currencies, nowadays

Foreign exchange reserves, also called Forex reserves, in a strict sense, are foreign-currency deposits held by nationals and monetary authorities. However

of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at

denominated in currencies other than China's national currency (the renminbi). As of December 2024, China's foreign exchange reserves totaled US$3.202