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Forex Trading What is a reserve currency?
avatar Mackoy
Question by: Mackoy - 02 Oct 2013, 05:17:42
What is a reserve currency?
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Answers (2)
avatar user 3919
Answer by: Henry - 08 Dec 2014, 04:30:24

A foreign currency held by central banks and other major financial institutions as a means to pay off international debt obligations, or to influence their domestic exchange rate.

avatar user 6066
Answer by: Samanthar - 16 Jun 2015, 07:35:28

A currency held in significant quantities by many governments and institutions as a means of international payment.

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