Definition: Reserve assets

Category: SNA

Reserve assets are those external assets that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency (§ 26.95). http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA2008.pdf