Currencies held by monetary authorities as part of their foreign exchange reserves
A reserve 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.[1] However, by the middle of the 20th century, the United States dollar had become the world's dominant reserve currency.[2][better source needed]
Worldwide use of the US dollar:
United States
External adopters of the US dollar
Currencies pegged to the US dollar
Currencies pegged to the US dollar w/ narrow band
Worldwide use of the euro:
Eurozone
External adopters of the euro
Currencies pegged to the euro
Currencies pegged to the euro w/ narrow band
Currency symbols of the four most widely held reserve currencies, L–R: United States dollar, Euro, Japanese Yen, Pound Sterling
^Cite error: The named reference Schenk_2009 was invoked but never defined (see the help page).
^"The Federal Reserve in the International Sphere", The Federal Reserve System: Purposes & Functions, a publication of the Board of Governors of the Federal Reserve System, 9th Edition, June 2005
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monetary authorities Reservecurrency, a currency which is held in significant quantities as part of foreign exchange reserves Mineral reserve, natural resources...
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