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Why Does A Nation Need Forex Reserve?

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    Forex stands for Foreign Exchange Reserve. It comprises of all the foreign currency and bonds that are help by the central bank as well as other monetary authorities.

    Forex Reserves are very important for a nation. They help in baking the liabilities of the nation. Forex reserves and their trading helps in influencing exchange rates as well as creating stability in the domestic currency.


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    Lily_j 

    answered 10 months ago

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