reserve assets (in a b. o. p. context)

What is reserve assets (in a b. o. p. context)?

reserve assets (in a b. o. p. context) definition and meaning on Finance terms:
External assets that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). See also
international reserves template<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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