What is FOREIGN RESERVE?

The foreign currency that is held by a government. It is indicator of a stable currency. It can prevent inflation or a crisis. AKA currency reserve and forex reserve. Refer to central bank.

More On This Topic



Link to This Definition
Did you find this definition of FOREIGN RESERVE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary