Currency Composition of Official Foreign Exchange Reserves (COFER)Last updated: June 28, 2013
- foreign banknotes
- bank deposits
- treasury bills
- short- and long-term government securities, and
- other claims usable in the event of balance of payments needs
Foreign exchange reserves in COFER do not include holdings of currency by the issuing country. For instance, the U.S. dollar assets of the Federal Reserve and the euro assets of the European Central Bank and member countries of the European Economic and Monetary Union are not foreign exchange reserves. The definition of foreign exchange reserves in COFER is the same as that in the IMF’s International Financial Statistics (IFS).
Allocated Reserves refer to data on foreign exchange reserves reported under COFER.
Unallocated Reserves is the difference between the total foreign exchange reserves in the IFS ( world table on Foreign Exchange) and the total allocated reserves in COFER. Unallocated Reserves includes foreign exchange holdings of those countries/territories that currently report to IFS but do not report to COFER
- European Currency Unit (ECU)
- Deutsche mark
- French franc, and
- Netherlands guilder