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Forex Reserves Surge to $600 Billion, Reaching 15-Month High.
Understanding Forex Reserves:
Forex reserves, also known as foreign exchange reserves, are the financial assets held by a country's central bank in various foreign currencies. These reserves are critical in stabilizing a nation's currency value, facilitating international trade, and ensuring financial security during economic uncertainty. The reserves typically include foreign currencies, gold, special drawing rights (SDRs), and International Monetary Fund (IMF) reserve positions.
