Papua New Guinea
Foreign Exchange Reserves
3.05
billion currency units- Papua New Guinea
- Global Median
Source: IMF
Definition of Foreign Exchange Reserves
Foreign exchange reserves consist of foreign currency, deposits denominated in foreign currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities to finance trade imbalances, check the impact of foreign exchange fluctuations and address other issues under the purview of the central bank.
