Assets are the foreign exchange part of the international reserve assets held by the government, that is, the foreign currency claims held by the government abroad.
Foreign exchange assets, gold reserves, and IMF ready funds constitute a country’s total official reserves (reserve assets).
Its main purpose is to clear the balance of payments deficit and intervene in foreign exchange markets to maintain the exchange rate of the local currency.
In general, it includes internationally widely used convertible currencies such as the US dollar and.
In recent years, it has added the German mark, the German franc, and the French franc.
The specific form is: short-term government deposits abroad or other forms of payment that can be cashed abroad, such as foreign securities, checks, foreign bank cashier’s checks, foreign currency bills, etc.