Generally speaking, a country's international reserves can be divided into two parts: one part is used to make up the deficit and intervene in the foreign exchange market, which is called trading reserves; The other part is used for unpredictable sudden internal and external shocks, which is called preventive reserve. The former is consistent with the reserves needed to make up the deficit and intervene in the foreign exchange market, while the latter needs to invest according to the principle of diversification.

From the perspective of international liquidity, the composition of international reserves includes the following two types:

(A) the composition of its own reserves

Self-owned reserves are international reserves, mainly including a country's currency gold, foreign exchange reserves, reserve positions in the IMF and special drawing rights.

1. Currency gold

2. Foreign exchange reserves (foreign exchange reserves are the main body of international reserves today. )

3. Reserve position of the International Monetary Fund (reserve position, namely "ordinary drawing right")

4. Special drawing rights

Generally speaking, international reserve assets must meet three conditions at the same time: availability, liquidity and universal acceptance.

1. The financial authority of a country must be able to acquire such assets unconditionally;

2. Assets must be highly liquid;

3. The asset must be internationally recognized.

Therefore, the foreign exchange held by commercial banks does not belong to a country's international reserves. For more information, please call 92 18-93 18.