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What (who) is reserve currency - definition
Reserve currency
![[[Currency symbol]]s of the four most widely held reserve currencies, L–R: [[United States dollar]], [[Euro]], [[Japanese Yen]], [[Pound Sterling]]](https://commons.wikimedia.org/wiki/Special:FilePath/Reserve currencies symbols 4.svg?width=200 "[[Currency symbol]]s of the four most widely held reserve currencies, L–R: [[United States dollar]], [[Euro]], [[Japanese Yen]], [[Pound Sterling]]")
![[[John Maynard Keynes]] (right) and [[Harry Dexter White]] helped to draft the provisions of the post-war financial system. Here, they meet at the inaugural meeting of the [[International Monetary Fund]], 1946.](https://commons.wikimedia.org/wiki/Special:FilePath/WhiteandKeynes.jpg?width=200 "[[John Maynard Keynes]] (right) and [[Harry Dexter White]] helped to draft the provisions of the post-war financial system. Here, they meet at the inaugural meeting of the [[International Monetary Fund]], 1946.")
![Silver [[ducaton]] worth 3-3.15 [[Dutch guilder]]s, 1793](https://commons.wikimedia.org/wiki/Special:FilePath/Utrecht_Ducaton_82001327.jpg?width=200 "Silver [[ducaton]] worth 3-3.15 [[Dutch guilder]]s, 1793")
![US [[double eagle]] ($20 gold coin), 1907](https://commons.wikimedia.org/wiki/Special:FilePath/NNC-US-1907-G$20-Saint_Gaudens_(Roman,_high_relief).jpg?width=200 "US [[double eagle]] ($20 gold coin), 1907")
FOREIGN CURRENCY HELD BY MONETARY AUTHORITIES AS PART OF FOREX RESERVES
Reserve Currency; World reserve currency; Global reserve currency; International reserve currency; COFER; Reserve currencies
A reserve currency (or anchor currency) is a foreign currency that is held in significant quantities by central banks or other monetary authorities as part of their foreign exchange reserves. The reserve currency can be used in international transactions, international investments and all aspects of the global economy.
reserve currency
FOREIGN CURRENCY HELD BY MONETARY AUTHORITIES AS PART OF FOREX RESERVES
Reserve Currency; World reserve currency; Global reserve currency; International reserve currency; COFER; Reserve currencies
¦ noun a strong currency widely used in international trade that a central bank is prepared to hold as part of its foreign exchange reserves.
Hard Currency
GLOBALLY TRADED CURRENCY THAT SERVES AS A RELIABLE AND STABLE STORE OF VALUE
Hard Currency; Hard currencies; Soft currency; Sound money; Safe-haven currency; Safe haven currency; Haven currency; Strong currency; Weak currency
The currency of a nation which may be exchanged for that of another nation without restriction. Sometimes referred to as convertible currency. Hard currency countries typically have sizeable exchange reserves and surpluses in their balance of payments. See: Soft Currency
Examples of use of reserve currency
1. The euro Replaces US dollar as global reserve currency.
2. Petersburg to express his concern over the stability of the U.S. dollar as a reserve currency.
3. That‘s the advantage of being a reserve currency, even though, as Persaud notes, there is no rule which says that you have to run current account deficits simply because you are a reserve currency.
4. Reserve–currency competition will then cease to be a game in which the winner takes all.
5. The ruble is stable and even being touted as a potential reserve currency.