Definitions for reserve currency
re·serve cur·ren·cy

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1. Reserve currency

   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. It is often considered a hard currency or safe-haven currency. The United Kingdom's pound sterling was the primary reserve currency of much of the world in the 19th century and first half of the 20th century. However, by the end of the 20th century, the United States dollar was considered the world's dominant reserve currency. The world's need for dollars has allowed the United States government as well as Americans to borrow at lower costs, giving the United States an advantage in excess of $100 billion per year.

How to pronounce reserve currency?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say reserve currency in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of reserve currency in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of reserve currency in Pythagorean Numerology is: 1

Examples of reserve currency in a Sentence

1. Ramil Nasibulin:

   Any state has to consider the risk that if it holds dollars as a reserve currency for its central bank, that those assets or other fiat assets that are under the control of the West could be frozen, it frankly undermines our influence very directly.

2. Randal Quarles:

   It seems unlikely... that the dollar's status as a global reserve currency, or the dollar's role as the dominant currency in international financial transactions, will be threatened by a foreign CBDC.

3. Georges Elhedery:

   In 2020, we had the most Asian investors ever outside of the euro area. We had investors from around the globe, we had central banks, more and more coming into the euro and actually seeing the euro as a stronger alternative to the U.S. dollar as a reserve currency.

4. Treasury Secretary Jack Lew:

   We're not just a U.S. currency ; we're the world's reserve currency, and I'm excited that using the technology that's available to us, we can hear from the public.

5. Pierre Gramegna:

   It is a fact that the renminbi has become a reserve currency in many ways ... so it is in the interest of the SDR, and the IMF, and the world, that this important currency finds its way into the SDR.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Reserve_Currency