Concept information
Preferred term
reserve currency
Definition
- A reserve currency is one in which institutions (mostly central banks, but also financial institutions or individuals) hold their nondomestic-currency reserves. A reserve currency must meet the requirements of an international currency and there must also be sufficient supply of the currency. [Source: Encyclopedia of Business in Today's World; Reserve Currency]
Broader concept
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-NK4K47GX-8
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