WIRE — Foreign exchange reserves are the **savings a country keeps in foreign currencies and other internationally accepted assets**. They are usually held by a countrys central bank, such as the Bank of Zambia. Think of forex reserves as a **national emergency fund**. Just as a family keeps money aside for unexpected expenses, a country keeps forex The post What Are Foreign Exchange (Forex) Reserves? By Prof Lubinda Haabazoka first appeared on Mwebantu.
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