To get started, one should understand that Forex Reserves are assets—which may include gold, treasury bills, bonds, or more -- depending on the preference of the country's central bank.
These assets are in foreign currencies—mainly the USD—but can include Euro, GBP, Yuan, and even the Yen. The USD is mostly used because it is used for trade.
The primary purpose of Forex reserves is to balance the country's liabilities and to influence monetary policy.
Economists often recommend that a country's central bank hold its reserve in a currency—or form—indirectly correlated to their fiat currency. This way, they would quickly recover should there be a market shock.
ISPASS Technologies Ltd, a software provider, is a registered company in Cyprus, with registration number HE394419 and has its registered address at Nikolaou Nikolaidi 3, Flat/Office 205, Paphos 8010, Cyprus.
360 Degrees Markets Ltd is a registered company in Seychelles, with registration number 8421720-1 and has its registered address at Suite C, Orion Mall, Palm Street, Victoria, Mahe, Seychelles. 360 Degrees Markets Ltd is regulated by the Seychelles Financial Services Authority under the Securities Dealer license number SD019.
All payments through Skrill and Neteller are processed by 360 Degrees Markets Ltd.
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