To sum up, foreign exchange is actually a creditor's right held by monetary management organs (central bank, monetary management institutions, foreign exchange stabilization fund, Ministry of Finance) in the form of bank deposits, treasury bonds, long-term and short-term treasury bonds, etc. , which can be used when the balance of payments is in deficit, including bonds that are not circulated in the market due to the agreement between the central bank and the government, whether expressed in the currency of debtor countries or creditor countries.
Extended information foreign exchange is a creditor's right held by monetary management organs (central bank, monetary management institutions, foreign exchange stabilization fund, Ministry of Finance) in the form of bank deposits, Treasury bonds, long-term and short-term government securities, etc. Can be used when the balance of payments is in deficit.
Including foreign currency, foreign currency deposits, foreign currency securities (treasury bonds, treasury bonds, corporate bonds, stocks, etc.). ) and foreign currency payment vouchers (bills, bank deposit vouchers, postal savings vouchers, etc.). ).
By 20 15, China ranks first in the foreign exchange reserves of governments around the world. The United States, Japan, Germany and other countries have a large number of private foreign exchange reserves, and the overall foreign exchange reserves of the country are much higher than that of China.
References:
Baidu encyclopedia-foreign exchange