Traditional Culture Encyclopedia - Tourist attractions - What is China's foreign exchange reserve in 215?
What is China's foreign exchange reserve in 215?
By the end of March 215, the balance of China's foreign exchange reserves was US$ 3.95 trillion, ranking first in the world, accounting for one third of the world's total foreign reserves, which was US$ 2.85 trillion higher than that of Japan, the second largest in the world.
Foreign Exchange Reserve, also known as foreign exchange reserve, refers to the foreign exchange assets held by central banks and other government agencies in various countries in order to meet the needs of international payment.
The specific forms of foreign exchange reserves are: short-term government deposits abroad or other means of payment that can be cashed abroad, such as foreign securities, checks, promissory notes and foreign currency drafts of foreign banks. It is mainly used to pay off the balance of payments deficit and intervene in the foreign exchange market to maintain the exchange rate of the country's currency.
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