foreign exchange reserves

noun [plural] (also international reserves, also foreign currency reserves, also foreign reserves) FINANCE, ECONOMICS

Definition

› the amounts of money in foreign currencies that a country has at a particular time: The stock market recently hit record highs and the country's foreign exchange reserves are now at $80bn, compared to $3.9bn when the crisis hit.build up/accumulate foreign exchange reserves Having a trade surplus is the most effective way of building up foreign exchange reserves.

(Definition of foreign exchange reserves noun from the Cambridge Business English Dictionary © Cambridge University Press)