Foreign Currency Assets/Reserves – The total foreign currencies (of different countries) an economy possesses at a point of time is its ‘foreign currency assets/reserves’
The Forex Reserves or FOREX of an economy is its ‘foreign currency assets’ added with its gold reserves, SDRs (Special Drawing Rights) and Reserve Tranche in the IMF.
Reserve tranche – It consists of India’s quota (member subscription fee) to IMF and lending to General Resource Account of IMF)
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