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Term
International liquidity, reserves
Description External assets that are readily available to and controlled by the authorities for direct financing of payments imbalances and for indirect regulation of the magnitude of such imbalances. Includes monetary authorities' holdings of SDRs, reserve position in the Fund, foreign exchange, and gold valued at market prices. (16, Introduction, sect. 3).
Source International Monetary Fund (IMF, annual). International Financial Statistics Yearbook. (Washington, D.C.).
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